Will Coinbase go bankrupt?

Photo credit: QuoteInspector.com

Someone on a social media site yesterday wrote “The rumor is Coinbase is going to be in a long line of cryptocurrency firms in bankruptcy.” I wondered what opinion is floating around in the cosmos, so I made a chart for the moment I read the statement. I will start by using William Lilly’s rules to interpret the chart.

Chart & Analysis

Cryptocurrency Horary

If the Moon is: 1. In an Angle or, 2. In a succedent house and fixed sign or, 3. In good aspect with the fortunate Planets (sextile or trine Jupiter, Venus, or Sun); you may then judge the rumors are true and very good.

Moon is in a succendent house and a fixed sign. This is one indication the rumor is true.

If the Dispositor of the Moon is: 1. In an Angle or, 2. In a succedent house and fixed sign or, 3. In good aspect with the fortunate Planets (sextile or trine Jupiter, Venus or Sun); you may then judge the rumors are true and very good.

Moon is in Scorpio. Scorpio has a traditional ruler, Mars, and modern ruler, Pluto. Pluto is in good aspect with Sun and Jupiter. Mars is in good aspect with Sun. This is another indication the rumor is true.

If you find the Ruler of the Ascendant afflicted by the Infortunes [Mars, Saturn, Uranus, Neptune, Pluto], or in a cadent house [3, 6, 9, 12], then the rumor is false.

Jupiter is in a cadent house and conjuncts Neptune. This is one indication the rumor is false.

Rumors are for the most part true when the Angles of the chart are in fixed signs and the Moon and Mercury are in fixed Signs, separating from the Infortunes and applying to a fortunate Planet, placed in any Angle.

Angles are in cardinal and mutable signs. Moon is in a fixed sign. Mercury is in a mutable sign. Moon is applying to an opposition with Uranus in a succedent house. These conditions are not strong enough to indicate true or false.

Ill rumors hold true, if the Angles of the 4th and 10th house are fixed, and contain Moon; they will be in some way verified.

4th and 10th houses are cardinal. Moon is in the 11th house. Suggests rumor is false.

If you hear evil news or bad reports, or have unlucky intelligence, and 1. The Fortunes [Jupiter or Venus] rule the Ascendant or are in the first house or, 2. The Moon Unfortunate, then it’s a strong argument the rumors are false and that they will turn rather to good than evil.

Jupiter rules the Ascendant and Moon is unfortunate. This is another indication the rumor is false.

“The Retrogradation of Mercury, or he any other way afflicted, or of that Planet to whom the Moon applies, or to whom Mercury applies, and above all, if either of those two be Lords of the Ascendant, doe[s] signify the ill Rumors shall vanish to nothing, and shall be converted to good;”

“If the Moon and Mercury were in Square aspect or in Opposition, and did not either the one or other, or both cast their favorable Sextile or Trine to the degree ascending, the news was false, and reported of purpose to frighten us.”

Mercury is retrograde and forms a sextile to Jupiter. This is an indication the rumors will vanish.

If the ruler of the Ascendant is under the Sun Beams [within 17° of Sun] or Combust [same sign as Sun, within 8°30’], the matter is kept secret and few shall ever know the truth of them.

This does not apply in this situation.

If the Moon is: 1. In the 1st, 3rd, 10th, or 11th House and 2. Separated by a benevolent aspect from any Planet and 3. Applying by Trine or Sextile or Conjunction to the ruler of the Ascendant; the report or rumor is true.

Moon is in the 11th house, but does not fit the other requirements.

If the Moon was void of course, the news proved to be of no moment, usually vain or mere lies, and very soon contradicted.

Moon is not void of course.


Summary

I think this analysis yielded inconclusive results. The rumor seems to be mostly false, but a part of it appears to be true. Two assertions were made in the rumor; Coinbase would go bankrupt and a number of cryptocurrency firms would go bankrupt. According to Karen Hamaker-Zondag, when two choices are involved, the house representing the second choice lies the same number away from the first.1 I will use this method in looking at the chart from a different perspective.

Photo credit: QuoteInspector.com

The chart is a Horary Mundane chart. As such, the 2nd house represents the first financial institution, Coinbase. The 4th house represents the other companies.

Saturn rules the 2nd house and is posited there as well. It is the traditional ruler of Aquarius, making this a strong position for Saturn. Sun is forming a square to Saturn within minutes, suggesting difficulties ahead in the near future.

Mars rules the 4th house. It is in face at 22° Pisces and makes an easy aspect to Sun. Using this method It appears that Coinbase is the only cryptocurrency company facing bankruptcy.

Coinbase Global, Inc. (CGI) is one of the top five cryptocurrency companies in CoinMarketCap’s ranking by “traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported.” Coinbase was incorporated in Wilmington, Delaware on January 27, 2014. The chart for this date, Noon for time incorporation papers were signed is unknown, is below.

Coinbase Global, Inc. natal (Noon)

In a quarterly report signed May 10, 2022, Coinbase revealed that assets of its investors could be perceived as belonging to Coinbase in the case of bankruptcy – “

“Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors.”

May 10 was Mercury retrograde day at 4° Gemini. Transiting Mercury formed a square to CGI’s Neptune. There is a Mercury/Neptune conjunction in CGI’s chart, with a square between Mercury and Saturn. CGI’s Mercury conjuncts the horary chart’s Saturn. This supports the possibility that Coinbase may be the single cryptocurrency company that will experience bankruptcy.

1 Hamaker-Zondag, K. (1993). Handbook of Horary Astrology. York Beach , Maine: Samuel Weiser, Inc. Pages 71-72,

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