Coinbase – der große Trump-Profiteur from

Coinbase - A Major Beneficiary of Trump's Presidency

Coinbase's Rapid Growth

Coinbase, a leading cryptocurrency exchange, has experienced remarkable growth during the Trump administration. Since Trump took office in 2017, Coinbase's user base has surged from 13 million to over 56 million, and its revenue has skyrocketed from $1 billion to over $10 billion. This rapid expansion has made Coinbase one of the most valuable technology companies in the world, with a market capitalization of over $100 billion.

Factors Contributing to Coinbase's Success

Several factors have contributed to Coinbase's success under Trump. First, the Trump administration's pro-business policies have created a favorable environment for companies like Coinbase. The Tax Cuts and Jobs Act of 2017 reduced corporate taxes, freeing up capital for investment and expansion. Additionally, the administration's deregulation efforts have reduced compliance costs for businesses. Second, the Trump administration's stance on cryptocurrency has been generally positive. While the administration has taken steps to regulate cryptocurrency exchanges, it has not taken any major actions to stifle the industry. This has given Coinbase the confidence to invest heavily in its platform and expand its services. Third, the COVID-19 pandemic has accelerated the adoption of cryptocurrency. As people have shifted to online payments and investments, Coinbase has benefited from increased demand for its services.

Coinbase's Political Activities

Coinbase has been actively involved in political activities during the Trump administration. In 2019, the company launched a political action committee called Coinbase Action. Coinbase Action has spent millions of dollars supporting pro-cryptocurrency candidates and causes. Coinbase has also been vocal in its support of Trump's economic policies. In 2017, Coinbase CEO Brian Armstrong praised the Trump administration's tax cuts. In 2019, Armstrong wrote an op-ed in The Wall Street Journal arguing that Trump's trade policies would benefit the cryptocurrency industry.

Conclusion

Coinbase has been a major beneficiary of Trump's presidency. The company's rapid growth, political activities, and support for Trump's economic policies have all contributed to its success. As the Trump administration comes to an end, it is unclear what the future holds for Coinbase. However, the company's strong foundation and positive relationship with the Trump administration position it well for continued success in the years to come.