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Coinbase: What do we think?
Another one! https://www.fool.com/investing/2022/09/28/its-a-make-or-break-moment-for-coinbase-what-shoul/
To be completely transparent, I do not hold any crypto. $COIN is my exposure to the crypto market. I gotta say, there is A LOT of drama that seems to be going on there. I am definitely questioning management's ability to lead and navigate problems.
Please lmk what you all think.
The Motley Fool
It's a Make-or-Break Moment for Coinbase -- What Should Investors Do? | The Motley Fool
Coinbase has been at the center of management scrutiny as of late, and its competition seems to be on a tear.
Personally, I would not use $COIN for exposure to the crypto market. From a high view it seems like it’s a solid proxy but it exposes you to so much additional headache imo. Relies on success of the company and faces tons of headwinds versus a more independent outright holding in crypto. Sure, they’re correlated in a crypto bull/bear run but it’s just so much more nuanced than that, especially with far more players in the space (FTX, binance, etc). Buy $BTC and join us!
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