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Watch: Boost VC’s Adam Draper Predicts Coinbase Will Soon Become World’s Largest Company

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Watch: Boost VC’s Adam Draper Predicts Coinbase Will Soon Become World’s Largest Company

Boost VC Founder and Managing Director Adam Draper is doubling down on his early investment in Coinbase.

The venture capitalist was a guest on Ran Neu-Ner‘s Crypto Trader (CNBC Africa) show on Thursday where he was asked about Coinbase’s growth potential.  The interview at Crypto Invest Summit in Los Angeles came just hours after Neu-Ner confirmed recent reports that Coinbase is raising up to $500M at an $8 Billion valuation.

Draper told Neu-Ner that he believes “Coinbase will be the largest company on the planet and one of the first 10 companies to (reach) a trillion dollar valuation. Basically the entire digital foreign exchange economy is in the multiples of trillions of dollars every month network spent.”

“What (Coinbase CEO) Brian Armstrong is trying to do is onboard everyone to a peer-to-peer financial ‘banking’ system,” he said.  “It is the biggest idea that can exist and it will fundamentally change the way the world works.”

Crypto Trader also obtained exclusive information that Coinbase plans to raise the $500M in two capital rounds: one in preferred equity and the other in common stock.  In terms of 2018 revenue, Coinbase is said to have made $90M last quarter on 25M customer accounts.

Watch Thursday’s full episode of Crypto Trader below.

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Co-Founder, Blockchain Beach. Former VP Digital Media @CBS | Formerly Hollywood Reporter Disclosures: I own Overstock stock, diversified investments via ETFs and Mutual Funds. Whenever there is the potential for real or perceived conflict in what I write about, I promise to bring it up, and link back here.

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