Coinbase Revenue Beats Estimates, Shares on the Rise

🚀Coinbase's regulatory compliance and the demise of its competitors have contributed to its market leadership.

💰The introduction of Bitcoin ETFs and market volatility have positively impacted Coinbase's performance.

📈Kathy Wood and ARK Invest are optimistic about Coinbase's future profitability and believe it should be included in investment portfolios.

🔐Coinbase's compliance makes it the most compliant exchange in the crypto universe, despite ongoing regulatory battles with the SEC.

🔒Super voting rights are important for visionary leaders like Elon Musk, who are driving disruptive innovation.

What factors have contributed to Coinbase's success?

—Coinbase's success can be attributed to its regulatory compliance, market share growth, and the demise of its competitors. The introduction of Bitcoin ETFs and market volatility have also positively impacted the company.

What are Kathy Wood's views on Coinbase's future profitability?

—Kathy Wood, CEO of ARK Invest, is optimistic about Coinbase's future profitability. She believes the company is executing its vision brilliantly and is in the right place at the right time. Wood expects Coinbase to achieve full-year profitability in 2024.

How does Kathy Wood view Coinbase's battle with the SEC?

—Kathy Wood is supportive of Coinbase in its battle with the SEC. She believes that Coinbase is the most compliant exchange in the crypto universe and expects it to succeed in its fight against regulatory challenges. Wood also highlights the positive impact of recent legal wins by Ripple and Grayscale.

Why does Kathy Wood support super voting rights for visionary leaders like Elon Musk?

—Kathy Wood believes that super voting rights are crucial for visionary leaders who are driving disruptive innovation. These rights allow leaders like Elon Musk to execute their long-term vision without being influenced by short-term oriented shareholders. Wood views them as necessary for the success of innovative companies.

Should Bitcoin be included in investment portfolios?

—According to Kathy Wood, Bitcoin should be included in investment portfolios. She highlights its potential as a diversification tool due to its low correlation with traditional asset classes. Wood's firm, ARK Invest, has been researching and supporting Bitcoin since 2014.

00:02Shares of Coinbase are moving upwards after exceeding revenue estimates for Q4.

00:09Kathy Wood, CEO of ARK Invest, holds nearly 5 million shares of Coinbase in her flagship fund.

00:17Coinbase is the most compliant exchange in the crypto universe and benefits from the demise of its competitors.

01:12The introduction of Bitcoin ETFs and market volatility have positively impacted Coinbase's performance.

02:35Kathy Wood believes that Coinbase will achieve full-year profitability in 2024.

02:48Wood is supportive of Coinbase in its battle with the SEC and expects the company to succeed.

06:00Super voting rights are important for visionary leaders like Elon Musk who drive disruptive innovation.

09:55Kathy Wood believes that Bitcoin should be included in investment portfolios for diversification purposes.