That’s not good. Usually, if these firms had been non-public, they’d be attempting to determine the right way to survive. Take Coinbase as an illustration. It has been round since 2012, and so it has survived a number of bear markets. However this time round, it has the general public shareholder to fret about. And the extremely liquid, public shareholder is much extra impatient than the extremely illiquid, non-public shareholder.
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