Even if you've been trading cryptocurrencies and studying blockchain technology for years, you may not have heard of David Marcus until just recently.
However, when the history of this still brand-new industry is written, he's going to go down as one of the more important behind-the-scenes power brokers.
Last month, you see, Marcus was promoted at Facebook Inc. (Nasdaq: FB) to head the social networking giant's "experimental" blockchain unit. (I'll tell you more about Marcus' background in a moment.)
There's more going on here than just a nice promotion in a hot new field. Facebook's move comes several months after Marcus joined the board of directors at Coinbase, an online exchange I've used for many years.
I'm sure many of you use Coinbase as well. (If you're not crypto trading yet, I'll start to show you how right here.)
The number of Coinbase users jumped exponentially throughout 2017 – from 400,000 in January to 4.3 million in December. Just check out this chart.
Marcus joined the board in that busy December – when Bitcoin and other e-currencies were reaching their all-time highs. Not so coincidentally, shortly after that, Coinbase started an acquisition spree, pulling off four so far, and began reaching out to big-money institutional investors.
To me, while from the outside Coinbase may look like a new form of company, it's really a classic Silicon Valley startup.
It's even based in San Francisco – for why that's important, take a look at this recent report.
And this post-Marcus series of moves tells me Coinbase is looking to go public.
Today, I'm going to show why these moves are so important for the future of crypto trading.
And I'll how you can get involved – before Coinbase makes its IPO move…
Today's Startups Are Key to Tomorrow's Profits
Let me explain why I pay so much attention to the world of startups. Fact is, the next generation of market leaders comes from that universe, especially when it comes to high tech.
Silicon Valley is famous as the place where companies can go from the drawing board to the public markets in just a few years' time, minting plenty of new millionaires along the way.
Not only that, but I can use my experience with startups in finding market-crushing tech winners.
Alert: This method may be the only way in history to turn a small sum of money into $100,000 without batting an eye. Read more…
See, during my nearly 35 years in and around Silicon Valley, I've served as a strategic consultant to a dozen high-tech startups. And I sat on the advisory board of a respected venture-capital firm. Having lived in this world for many years, I continue to track VC funding to stay on the lookout for the Next Big Thing.
When I saw that Marcus had joined the Coinbase board, my VC "alarm" rang – and hard.
I knew right away the company was in good hands.
Before joining Facebook, Marcus held a series of senior management positions at fintech leader PayPal Holdings Inc. (Nasdaq: PYPL). He joined the firm after PayPal bought a mobile-payments startup that Marcus had founded.
He even served as PayPal's president from 2012 to 2014. But then he joined Facebook as vice president for Messaging Products. He took over Facebook's blockchain efforts last month.
And as it turns out, Marcus was one of two seasoned tech veterans to join Coinbase in December…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.