Only Coinbase will survive at the end. It's the only one of the big exchanges that doesn't do any form of debt/lending/margin etc just straight up offering trading for a fee.
Frankly I don't think anyone actually knows.
How much do Super Bowl ads actually matter? Is frivolous advertising the ultimate metric for financial froth? Or are ads like that just a symptom of macroeconomic conditions? Is it an accident that conditions were accommodative in 2017, but even moreso in 2021?
I think macroeconomics are more likely to determine meme-asset prices in the coming years than any other factor. If there's more monetary tightening ahead it's gonna be tough times for crypto, but I'm not yet convinced that we've separated from zero-rate policies for the long haul. There's some signs that inflation may not be so tenacious and that a recession is on the way, which could cause another rate U-turn pretty quick.
Recessions are very bad news for risk assets (and doubly so for meme-assets, presumably), but recessions aren't nearly as sticky as monetary policy tends to be. So I can certainly see a future where in late 2024 we have a strengthening/recovering economy, very accommodative monetary policy, and... another block halving.
Plus Bitcoin is a global asset, so there's the question on what goes on at a global macro level as well.
On the other hand, Bitcoin retains a much smaller share of the total crypto market value than it has historically. Since Bitcoin is... "slightly less disreputable" than other cryptocurrencies... that suggests that the speculators have not yet rotated out of the riskiest crypto assets.
Anyway: we will see. I don't trust anyone who is confident they know what's coming next.
Turns out, there are enormous costs in managing the risks inherent in moving value in and out of various cryptocurrencies.
I don't endorse depositing at any particular centralized crypto exchange. They might steal your money. The London Mercantile Exchange might also do that[0].
[0]: https://finance.yahoo.com/news/analysis-turbulence-still-hau...
It's not an apple-to-apple comparison because you can't trade the same products. It doesn't matter if a broker has the best features and the cheapest fees if it doesn't allow its users to trade what the majority of investors want to trade: regular stocks, ETFs, basically traditional financial instruments.
The same reasoning can be used for most blockchain products that seem to have an edge over the traditional solutions: they mostly exist in some virtual world, but once they try to connect with traditional finance and go through the corresponding legal hoops, they end up with a worse solution than what already exists.
From the global economic perspective, this is almost opposite.
invest
verb
gerund or present participle: investing
1. expend money with the expectation of achieving a profit
or material result by putting it into financial plans,
shares, or property, or by using it to develop a commercial
venture.
IDK, to me choosing an exchange that doesn't juice their numbers by gambling sounds like what a sophisticated investor who did know better would do.
The value of all cryptos crashing for a long time could actually be good (tm). Shake the scammers and idiots and leave whats left for technology people to play with and develop without the rubbish that currently surrounds the space. The absolute best thing for bitcoin would be if no one ever expected it to be a good investment and saw it just as a way to transact money.
Coinbase also originates from wallstreet, hence why Binance is way more popular (Binance has 10x more daily volume!!! [3]), despite Coinbase having more PR presence
This FUD is another evidence that someone wants to take down Binance, they dodged the poison/trap with FTX, looks like they'll have to dodge another one real soon
[1] - https://www.theguardian.com/us-news/2022/sep/12/coinbase-cry...
[2] - https://www.justice.gov/usao-sdny/pr/three-charged-first-eve...
Binance is more popular because Coinbase's fees are almost an order of magnitude higher..
People will stick with your if you are trustworthy, it is more true with crypto where nothing is regulated nor safe nor insured by the SIPC