<p>But what does success mean for crypto?</p>
<p>Basing it on rising prices and record-high valuations feels right but markets don&rsquo;t really tell the whole story.&nbsp;</p>
<p>Maybe success is more about how much data is kept in decentralized file storage protocols, or stablecoin adoption in places with rampant high inflation.&nbsp;</p>
<p>Perhaps it&rsquo;s the total value locked in real-world asset projects, like BlackRock&rsquo;s tokenized money market fund on Ethereum. All those have little to do with whether bitcoin&rsquo;s price goes up or down.</p>
<p>Yep, crypto consuming traditional finance and bringing blockchain rails to the masses sounds like success to me.&nbsp;</p>
<p>For Coinbase, figuring out ways to offer shareholders exposure to that goal seems like the move. But since its direct listing in April 2021 &mdash; practically peak bull market &mdash; the stock has been closely tied to bitcoin&rsquo;s price, as is the case with the rest of the crypto market.</p>
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