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Coinbase Stock: Conviction Short Or Bear Trap?

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Coinbase Stock: Conviction Short Or Bear Trap?

We examine the bearish and bullish arguments for Coinbase and come to a clear conclusion.

Vince Martin
May 21, 2023
∙ Paid
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⚡ Highlights:

  • 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

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