#moneyinflow
moneyinflow
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BitGo’s Q3 revenue halved year over year, mainly due to sluggish trading volume. Yet net income surged 94%, thanks entirely to $7.15 billion in unrealized gains on assets. Adjusted EBITDA was still negative—a classic case of “paper wealth.” Asset appreciation alone can’t sustain long-term value; weak trading is the fatal flaw.
#BitGo #MoneyInFlow #CryptoNews
BitGo’s Q3 revenue halved year over year, mainly due to sluggish trading volume. Yet net income surged 94%, thanks entirely to $7.15 billion in unrealized gains on assets. Adjusted EBITDA was still negative—a classic case of “paper wealth.” Asset appreciation alone can’t sustain long-term value; weak trading is the fatal flaw.
#BitGo #MoneyInFlow #CryptoNews
#BitGo #MoneyInFlow #CryptoNews
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