Coinbase Stock: Conviction Short Or Bear Trap?
We examine the bearish and bullish arguments for Coinbase and come to a clear conclusion.
The short case for Coinbase looks simple — almost too simple.
Regulatory challenges, fee compression, and lost market share suggest the currently unprofitable business should stay that way.
The core question is why Coinbase is still valued at more than $12 billion? There are answers, but are they good enough?
“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.” - Sherlock Holmes