Coinbase: Sell Crypto Legislation (GENIUS Act) Hype
Main Idea
The author reflects on their bullish stance on Coinbase during the 2022 crypto winter and provides a disclosure about their current positions and relationships.
Key Points
1. The author was a vocal bull on Coinbase during the 2022 crypto winter when its market cap was $15 billion.
2. The article includes a disclosure stating the author has no stock, option, or derivative positions in the next 72 hours.
3. The author mentions having no business relationship with any company whose stock is discussed in the article.
Description
Summary COIN's current valuation is excessive given its stagnant market share and fierce competition from both crypto and traditional financial institutions. Despite pro-crypto legislation and industry buzz, Coinbase's fundamentals and revenue growth have lagged, failing to surpass previous cycle highs. COIN's market cap now exceeds established exchanges like CME and ICE, which is unjustified given its limited economic utility compared to those platforms. I recommend selling or avoiding COIN at ...
Latest News
- Tusk Ventures: The federal government won’t do much actual AI regulation2025-07-22 18:51:39
- Bank of England mulls shelving digital pound project - report2025-07-22 18:20:07
- PNC, Coinbase strike partnership for digital asset solutions2025-07-22 15:24:04
- Cathie Wood's ARK Invest acquires $182M worth of equity stake in BitMine2025-07-22 12:58:05
- SharpLink stock gains as ETH holdings increase2025-07-22 12:25:48