susan: coinbase has filed to go public on the nasdaq.sting which means they don't raise any new cash. it is more a way of early investors and early employees to get out. no dates when this will take place but we've been talking about it for some time. coinbase is one of the rare unicorns in silicon valley making money. 22 million in profit last year. doubling in sales as you mentioned. 43 million verified users, very enticing stats for wall street to buy into. if it goes public at a valuation of $100 billion that would make coinbase one of the most valuable companies to go public on the markets since facebook back in 2012. so coinbase could be going into the day one debut worth more than airbnb and doordash and more than what uber bass valued at when it went public two years ago. couple interesting details in the s one filing, brian armstrong was paid nearly $60 million last year. big hedge funds and venture fund as horowitz global are backer of coinbase. some of the risks to coinbase listed to potential investors that bitcoin prices cou

even coinbase has services with accounts with institutions.re have been comments from other institutions that have got them into crypto lately and that includes very invest -- big investment banks and reputable investors. it is interesting, but i don't and comments are going to shut down bitcoin transactions altogether. emily: crystal, thanks so much. we will be charting that one all the way to the end. coming up, airbnb's first earnings report as a public company. i will also speak to the salesforce ceo. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." airbnb shares are up over 13% after quarterly revenue beat estimates. the company declined to give a financial forecast end as cautious about the year to come. i caught up with ceo brian chesky to get his perspective on what travel looks like is the world gradually comes out of lockdown. brian: our model is inherently adaptable. we have millions of posts in 100,000 cities and communities in nearly every corner of the world, so however travel changes, we can adapt. people are

coinbase reported monthly active users of more than 3 million.on wednesday, as investors go back in. gamestop is up 500% although the stock has whipsawed. the rise in normally in love stocks has drawn official scrutiny. warren buffett has mostly kept quiet in 2020, the year that saw pandemic, nationwide protests, and a heated presidential election. now he has a chance to break his silence with the release of his annual letter. that is coming saturday. it is closely watched by everyone in the market. rishaad: absolutely. it is going to be something people pay attention to. is it going to be reflecting what charlie mungo his longtime business partner said about markets? saying, they essentially offer gambling services. they found a dirty way to make money, and essence. this is perhaps something we could see in this letter which is due out saturday. charlie mungo talking about robinhood and others as gambling services. an interview not to miss, jamie dimon speaking exclusively to us at the j.p. morgan space -- chase conference. ♪ ♪ emily: i am emily

revenue apparently for last year that's up almost $500000000.00 from the previous year and so yes coinbase is about to become a publicly traded company that's what they're filing to do i think it makes a lot of sense for them they are kind of the pay pal if you will of cryptocurrency even though paid thousands trying to get in the cryptocurrency so i think they'll do well and i think they're going to be extremely valuable company when they do finally i.p.o. but that's what they're doing right now it makes a lot of sense so many people are interested in the space and coinbase is probably the least scary way of getting involved with a client base is the star that's what gets you hooked on getting into cryptocurrency and their friend then you get to get your own wallet and all of that it has a they'll certainly be interesting to see exactly where that one goes and what comes out of it ok inside and the big ben front thank you so much for your time. thank you. time now for a quick break but when we come back the bank of england is speaking out and warning brussels to halt any plans for financi

what they're doing right now it makes a lot of sense so many people are interested in the space and coinbase is probably the least scary way of getting involved with a client base is the star that's what gets you hooked on getting into cryptocurrency and their friend then you get to get your own wallet and all of that it really kind of they'll certainly be interesting to see exactly where that one goes and what comes out of it ok inside on the big ben front thank you so much for your time. thank you. time now for a quick break but when we come back the bank of england speaking out and warning brussels to halt any plans to force financial companies to relocate to the new euro zone and it could likely one in trolling into the process all the stuff that all men can as we go to break here's a number thought the club. the energy the avalanche is stored on the side of the mountain. when all it needs is one still it's like $200.00 lease that catastrophic energy so here you have the energy of hyperinflation is already stored in the system it's already there on the form of the fed's balance sheet the

if coinbase values itself at roughly $100 billion which many expect they will, coinbase would be onewhen they went public. that is more than 10 times. at 100 billion-dollar valuation, that would be 10 times what coinbase raised cash back in 2018 when they were only worth $8 billion. so what a difference two years makes. smart timing. a lot of people in the markets would say that. bitcoin ethereum, dogecoin record prices and coinbase makes money. how usual is that in the unicorn silicon valley startup crowd and sales more than doubled last year. these are great numbers to go public on. notable details in the s 1 filing i want to pass along with you, payout of ceo brian armstrong, of $60 million last year. that is a lot. stuart: that is a lot of money, susan. change subject here. the investigation into tiger woods' car crash continues. we have the latest on that for you just ahead. plus more migrants on the mexico side of the border being allowed in our country as of today. my next guest california congressman tom mcclintock says it's a new crisis of president biden's own making. he is

grade providers, and you either go the route of buying bitcoin, and you can do it with firms like coinbase you go in with grayscale or a firm that does both, and generally, these are institutional grade providers that will do the trade. they will acquire the asset and process it for you. between their offering and the fact that we published a corporate playbook for bitcoin acquisition, i think it is becoming similar for the typical corporation and speedier. romaine: they call it elon musk a genius for listening to you. while we were speaking, a mayor is looking to add bitcoin to that city's balance sheet. what you think of that? michael: i think it is brilliant. state and municipal governments, they have got a challenge. they have got balance sheets. they can raise capital. they can raise capital, and if they can do it with something like bitcoin, that takes pressure off their taxpayers. it is good for everybody involved, and he is probably the most progressive mayor in the country right now, frean -- free -- francis suarez. i cannot see why anyone would not one to invest 10% of the balanc

. ♪ more than this ♪ >>> welcome back coinbase exchange announcing its revenue has more than doubledre than $1.1 billion in 2020. they have surged to record highs. what do you make of this valu valuation. >> it's implying when it starts trading it would be a hundred billion valuation, which is fairly eye popping, frankly, because that means it would remain a bigger one than others. so if that holds, it's interesting. the second part of that which i think is interesting, if you look at some of the exchange coins, like a binance or something like that, you can have a real world finance valuation start to creep into the crypto world >> here's the question, though b.k. dollar for dollar, bitcoin or coinbase >> oh, bitcoin, without a doubt. >> jeff mills, you -- >> here's the reason. >> uh-huh. go ahead >> equities are limited on their valuations currencies are not. >> jeff, would you agree >> yeah, i agree i think if you want exposure to the space, you want to go into bitcoin itself when i think about what the value of a coin should be, you look at the demand side, saw some interesting s

before we even go to coinbase, the laser eyes, i'm trying to qualify for it, my man.xt. >> you got them. go back to crypto twitter. your picture is waiting for you. the community welcomes you with laser eyes wide open. charles: all right. i appreciate it. so another huge weekend for bitcoin. got up to like 58,000. musk kind of amused it might be ahead of itself. he did that with his own stock. anyone who sold tesla on any times maybe it was ahead of itself regrets it. i think treasury secretary janet yellen took another shot. are you concerned how focused she is on illicit activities and all the illegal things you can do with bitcoin? she seems to be laying the groundwork for something. i'm concerned about her. >> in janet is really concerned about illicit use of currency look no further than the u.s. dollar and your listeners know that well. they were also thinking, i think janet was considering taxing unrealized gains and i'm sure that would go over really well with your listeners. charles: janet yellen, treasury secretary. you know, but i don't know, if you can't o

spent 30 minutes on a coinbase app, opening account at coinbase with no luck at 17,000. can't do it until you get the next leg up. >> i got you. we'll see 100,000-dollar bitcoin by end of this year. charles: buddy, that bringing us plenty of time to talk you back about it. maybe we will bring in peter schiff as well. thank you so much. how do you say no to lowering income of stimulus payments. would-be rescue package has become a progressive swag bag of handouts. can republicans only stand by and watch? i will you talk to ken buck next. $15 minimum wage, no talk about the impact to small business owners. the dangers small business owners face. right now they're liesing faith and losing it fast. for them, s. alright, let's see what we can adjust. ♪♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. ♪♪ ♪♪ ♪♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, tra

information that was revealed today in the market which is really important for the sector, that was the coinbaseicit in that is they have done a lot of work with the sec throughout the time of confidential filing today to get the sec comfortable. there will be a lot of back-and-forth dialogue that we look forward to seeing once they go into their effective time. implicit in this being released today is that their lead advisory banks have done a lot of due diligence and become comfortable working with the sector in particular. this will start to open the doors in all of the different committees and control functions that banks have being able to do more things for the sector. emily: on that note, we heard janet yellen earlier this week saying that bitcoin is an extremely inefficient way to pay. i spoke to bill gates, who is not bullish on bitcoin at all. he talked about the possibility that tesla could make more money on bitcoin investment than a profit on electric cars in 2020. let's hear what he had to say. >> elon musk has tons of money and he's very sophisticated. i don't worry that his bitco

the real blockbuster numbers could potentially be coming from coinbase, the biggest exchange crypto currency u.s. filing for a direct listing. a valuation map could be 100 billion dollars worth more than ice, which has the nasdaq and cme. it tells you how big the market potential is. but also how much their valuation has gone up. as the value of cryptocurrencies they trade have gone up. matt: cryptocurrency is up across the board. we focus in on bitcoin, because obviously it is the biggest market cap and a lot of the other crypto's are based off the bitcoin blockchain. there are so many others that we are looking at crypto. it is going to overtake the dow jones industrial average market cap soon. the interesting thing, i think you are right, is just the stability of bitcoin. on a day like today when we are seeing just huge moves in assets that typically are infamous for being stable like 10-year treasuries, we see bitcoin doing a lot of nothing and just hovering around $50,000. so i think -- i don't know if this is a mirage or if this will change a lot of minds about crypto. amber: we have h

meantime, a couple big stories investors will be talking about this morning coinbase out with the s-1 doubled last year to over $1 billion. they made $322 million in net income coinbase also said it had 33 million retail users on its platform meantime, pfizer kicking off a booster dose of the covid-19 vaccine dose that would be a third dose, six months to a year after the first ones the study will examine the safety and immune response of the additional dose including emerging variants of the virus >>> news of the moderna vaccine. that company will test a third dose of its shot as well developing a dose that specifically targets the south african strain and combined them to test as a booster shot. and we've heard this before. take a look at gamestop this morning. i mean, i don't even know what to say about this this morning we are up 75% this morning this after shares surged into the close of trading yesterday doubling by the closing bell it's unclear what exactly led to the jump traders may have been cheering the news that gamestop's cfo will be stepping down next month. that's the o

crypto exchange corn -- coinbase has a common stock on the global markets.unced a doubling of net revenue, at more than $1 billion of transaction serves -- of transactions in a surge of bitcoin and theory and. -- and ethereum. asian banks are said to be weighing about the food ingredients unit. they may consider a secondary listing in singapore at a later date. it announced last year it was planning to split into wider commodities trading as people are increasingly careful about what they eat. that's it today for "daybreak asia" and our coverage continues as we look at the start of trading in hong kong, shanghai, and shenzhen. this is bloomberg. ♪ >> it is 9:00 a.m. in beijing, and shanghai. welcome to "bloomberg markets: china open." i'm tom mackenzie. >> i'm david ingles. we are counting down to the open of trade in the chinese mainland. let's get to your top stories as we wrap up this trading week. this global bond rout that pushed u.s. yields to a one year high. steamrolling into the year. central ca