How Coinbase's Newest Innovation Could Boost Bitcoin's Long-Term Value by Billions
Although Bitcoin (CRYPTO: BTC) remains the most valuable cryptocurrency in the world, it lacks much of the functionality other cryptocurrencies possess today, particularly smart contract capabilities. Without smart contracts, Bitcoin holders are unable to directly participate in the rapidly growing decentralized finance (DeFi) economy, where users engage in lending, borrowing, yield farming, and even buying non-fungible tokens (NFTs).
But 's (NASDAQ: COIN) recent innovation could change this dynamic, unlocking Bitcoin's dormant potential to reach new heights. Here's why the launch of its cbBTC is a game changer for Bitcoin and its holders.
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
€160.96
7.870%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 27 Buy predictions and 14 Sell predictions.
With a target price of 173 € there is a slightly positive potential of 7.48% for Coinbase Global Inc. compared to the current price of 160.96 €.
Comments
Bitcoin Recovery Services: Restoring Lost Cryptocurrency
If you've lost access to your cryptocurrency and unable to make a withdrawal, I highly recommend iBolt Cyber Hacker Bitcoin Recovery Services. Their team is skilled, professional, and efficient in recovering lost Bitcoin. They provide clear communication, maintain high security standards, and work quickly to resolve issues. Facing the stress of lost cryptocurrency, iBolt Cyber Hacker is a trusted service that will help you regain access to your funds securely and reliably. Highly recommended!
h t t p s : / / i b o l t c y b e r h a c k . c o m /
If you've lost access to your cryptocurrency and unable to make a withdrawal, I highly recommend iBolt Cyber Hacker Bitcoin Recovery Services. Their team is skilled, professional, and efficient in recovering lost Bitcoin. They provide clear communication, maintain high security standards, and work quickly to resolve issues. Facing the stress of lost cryptocurrency, iBolt Cyber Hacker is a trusted service that will help you regain access to your funds securely and reliably. Highly recommended!
h t t p s : / / i b o l t c y b e r h a c k . c o m /
