Excerpt from the Wall Street Journal quoting DataTrek co-founder Nick Colas:
… “The divergence between cryptocurrencies and cryptocurrency companies shouldn’t be a surprise, said Nicholas Colas, co-founder of research firm DataTrek. There is always some difference between the value of an asset and the companies that build businesses around that asset, he said.
Bitcoin and its peers, Mr. Colas said, are driven by consumer interest and usage, but companies such as Coinbase, Silvergate and Marathon derive their value from how well they sell their products to customers”….
Read the full article here in the WSJ!