If you believe in Coinbase, this could be a great time to buy COIN stock. Because on August 9, Coinbase will officially launch their Layer-2 solution Base.
This is significant.
Before I explain why, let me confess that I bought COIN at the IPO price, at about $405. (As I write this, it’s trading at about $90.) I failed to heed my own warning that “IPO” stands for “It’s Probably Overpriced.”
Still, I remain a huge believer in Coinbase, because I am a huge believer in crypto, and I believe that Coinbase is perhaps the single best-positioned company in the world to capture the potential growth of crypto.
However, investing in Coinbase comes with some big risks. Here’s my investing thesis on COIN; I would love to hear your thoughts as well. |