BitGo’s $2.4B IPO: Why Wall Street Loves Paper Crypto

BitGo’s $2.4B IPO: Great Story, Wall Street. I’ll Keep My Keys.

BitGo hit the NYSE with a $2.4B valuation and a promise of $120M EBITDA by 2028. Analysts call it “superior.” I call it another paper-crypto product priced for perfection. If you want Wall Street exposure, buy the IPO. If you want crypto, hold bitcoin and your own keys. Not financial advice.

BitGo’s $2.4B IPO: Great Story, Wall Street. I’ll Keep My Keys. Read More »