Even if you’ve been trading cryptocurrencies and studying blockchain technology for years, you may not have heard of David Marcus until just recently.
However, when the history of this still brand-new industry is written, he’s going to go down as one of the more important behind-the-scenes power brokers.
Last month, you see, Marcus was promoted at Facebook Inc. (Nasdaq: FB) to head the social networking giant’s “experimental” blockchain unit. (I’ll tell you more about Marcus’ background in a moment.)
There’s more going on here than just a nice promotion in a hot new field. Facebook’s move comes several months after Marcus joined the board of directors at Coinbase, an online exchange I’ve used more many years.
And I’m sure many of you use Coinbase as well. (If you’re not crypto trading yet, I’ll start to show you how right here.)
After, the number of Coinbase users jumped exponentially throughout 2017 – from 400,000 in January to 4.3 million in December. Just check out this chart.
Marcus joined the board in that busy December – when Bitcoin and other e-currencies were reaching their all-time highs. Not so coincidently, shortly after that, Coinbase started an acquisition spree, pulling off four so far, and began reaching out to big-money institutional investors.
To me, while from the outside Coinbase may look like a new form of company, it’s really a classic Silicon Valley startup.
It’s even based in San Francisco – for why that’s important, take a look at this recent report.
And this post-Marcus series of moves tells me Coinbase is looking to go public.
Today, I’m going to show why these moves are so important for the future of crypto trading.