Crypto – The Beginning of The Beginning… and the Coinbase IPO

I am starting to say the ‘beginning of the beginning’ a lot.

Last month I used it in a blog post about active investing.

Bitcoin and Ethereum are a main reason I believe we are at the beginning of the beginning of active investing and the Coinbase ($COIN) direct listing tomorrow is likely why we are still just at the beginning of the beginning of crypto and decentralization.

If it was the end of crypto surely Coinbase could not charge the high commissions they do to retail investors?!

If it was the end of crypto surely Grayscale could not charge the fees they charge for a Bitcoin proxy?!

These are not anecdotes you should use to piss the family fortune away on crazy long crypto bets on my behalf of course.

I do like my friend Josh Elman’s tweet yesterday which got me thinking about the ‘beginning of the beginning’ as it relates to crypto and decentralization…

I am not sure how all this ends, but what a great time to be an active investor.