Pro crypto analysts describe Coinbase’s listing as a turning point, while others say that that it is only because crypto has now become more widespread. Some even caution that implied valuation for the company as a crypto exchange has become too high compared to traditional stock exchanges such as Nasdaq Inc.

Lisa Ellis, an analyst from Moffett Nathanson, urged investors to have a long-term investment strategy, at least for one year in the future on bitcoin, because it could still go to zero. She said that a three-year plan is better as crypto complex cycles of boom and bust tend to happen over three years.

Advanced Markets compares this to the FX world and examines if the Coinbase’s IPO success can be replicated. According to their…