On this episode of Money Never Sleeps with Louis Velazquez we are touching on Coinbase and the crypto market, how major brokerage firms like Goldman Sachs and BNY Mellon are adapting to the change in the market place. They along with the CME will have little choice but to adapt, if they don’t they know that they will lose market share quickly. When you are in a service industry you need to service your clients and if they want crypto then you need to supply it or they will go elsewhere. Simple as that.
Also we touch on Coinbase and how they have changed the game but in changing the crypto game they have also forced traditional brokerage firms to change their game as well. So you will see, in my opinion, the likes of Coinbase and Binance over time lose market share but then again you will see them adapt as well. There is a lot of room for growth so losing market share will probably mean they won’t be a $100 Billion company as soon as they thought.
Electric vehicle market was on tap and we touch on the likes of General Motors, Ford and Tesla, basically laying out who the real winners will be in this emerging market place.
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