Coinbase: is now the time for Crypto?
Upcoming regulation of Crypto in the US, is likely to be a game changer in mainstream adoption of Crypto. We believe that this is a watershed moment, Trump and his VC friends get the importance of US becoming a leader in Blockchain.
COIN, and indeed all other companies playing in crypto are a waste of your time, unless you are convinced that Crypto continues to go mainstream. We think it will.
Crypto is two things:
An asset class, where monetisation of that asset class is tied to the market cap of crypto, and is facilitated by companies such as COIN.
Bitcoin is ~57% of the market. It is a commodity. More buyers, fewer sellers drives the price up.
A utility technology, that has been waiting for its moment in the sun.
We believe that blockchain will eventually become the new infrastructure powering the financial ecosystem.
Right place right time: Politics is the crux right now
Trump / U.S. getting behind crypto will have a meaningful impact over the next few years.
Democrats were a serious ‘winter,’ Trump is a big change in season.
Potential Upside: $423 (+55%)
Sensible Downside: $155 (-43%)
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