Coinbase Stock: Conviction Short Or Bear Trap?

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

⚡ 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