In 2013, Nas’ investment firm, QueensBridge Venture Partners, entered Coinbase’s Series B round, back when the cryptocurrency exchange platform was valued at around $143 million. On Wednesday, it’s estimated to reach a valuation of over $100 billion when it’s listed on the Nasdaq. In other words, Nas’ early investment is about to pay off, big time.
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Bitcoin continues to grow, hitting a $11,000 price per coin valuation less than a day after it topped $10,000. The cryptocurrency has been normalizing with investors, getting its own federally-regulated exchange this past July. Now, Nasdaq is planning to launch contracts for bitcoin futures in the first half of 2018, according to The Wall Street Journal, which will enable investors to predict and put money on the future price of the currency.