I don’t know what it’s for yet, depends on many factors, I’m a boomer so my needs so different from the majority in crypto. If I sell, what am I going to buy, thinking about a second home on the beach, but will ABNB and use myself when free. But it’s going to have to go up a lot for that 😊. Just learning better ways to have a use for my free funds rather than a bank. 401K looking good, stocks/shares looking good, don’t need a new car for a few years, just back off vacation. I could sell and put it a bank account or I could give it to the children, but no, ill add to it occasionally like yesterday and today and just keep watching it.
The recent IPO’s are causing this I think. SNOW, DASH, PLTR, ABNB. These IPO’s went nuts and the massive stock increase didn’t actually equate to more cash for the company. The analysts were blamed for “undervaluing” the valuations. But in what universe should door dash be a $65 billion company?? Other companies like AFRM actually delayed their own IPOs to let the valuation hype cool down, but it looks like a company like Coinbase won’t be able to escape the spotlight.