Trading at roughly 2x the price of Bitcoin, Coinbase presents a unique opportunity for exposure to the crypto sector. Fundamentally it is better to invest money for the long term on a business that generates revenue. I am very bullish on crypto, but with limited funds I want to make sure I deploy my capital as intelligently as possible.
There is several interesting strategies Coinbase uses to generate revenue based on crypto and blockchain processes and capabilities. From being able to exchange currencies like traditional currency systems for payments or money transfers. Mining proof of work assets like Bitcoin have used far too much resources to not be considered "valuable, and scarce". Proof of stake where staking rewards payout better than most dividends. Recent institutional adoption by some of the most significant entities. Coinbase has a portfolio of most of the crypto currencies so it guarantees a diverse exposure to the sector.
Its very obvious the people are loving crypto currencies, I want to be exposed to crypto but also want to invest in the fundamentals of generating revenues. Coinbase is the perfect vehicle in my opinion for exposure to crypto they generate revenues based on commissions and spreads, I'm sure they have some other strategies they use to consistently generate income even if crypto is going down, so that makes me even more convicted in my decision to put my money on Coinbase stock. Only being listed on the Nasdaq for four years I believe we are in for a wild ride to the upside so long as Bitcoin and the crypto market as a whole continue with this volatile momentum.
There is several interesting strategies Coinbase uses to generate revenue based on crypto and blockchain processes and capabilities. From being able to exchange currencies like traditional currency systems for payments or money transfers. Mining proof of work assets like Bitcoin have used far too much resources to not be considered "valuable, and scarce". Proof of stake where staking rewards payout better than most dividends. Recent institutional adoption by some of the most significant entities. Coinbase has a portfolio of most of the crypto currencies so it guarantees a diverse exposure to the sector.
Its very obvious the people are loving crypto currencies, I want to be exposed to crypto but also want to invest in the fundamentals of generating revenues. Coinbase is the perfect vehicle in my opinion for exposure to crypto they generate revenues based on commissions and spreads, I'm sure they have some other strategies they use to consistently generate income even if crypto is going down, so that makes me even more convicted in my decision to put my money on Coinbase stock. Only being listed on the Nasdaq for four years I believe we are in for a wild ride to the upside so long as Bitcoin and the crypto market as a whole continue with this volatile momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.