Cary, co-founder, and vice-chairman of Blockchain.com responded to Wood’s comments.
“Well there’s definitely a difference between private markets and public markets and Cathie’s position has taken a pretty big haircut. I think what’s interesting to note is yeah, our company valuation our company’s valuation did triple, and that was in the context of a global pandemic, a collapse in tech equities and a land war breaking out in Europe,” Cary told CNBC in an interview on Wednesday.
“Coinbase’s position is not well understood in the market … in the long term though I think both companies have a lot of upside, and our recent investors are very excited about our future. We’ve been working very hard to build a composition of revenue that’s minting better quarterly results.”
