COIN is at $122 with P/E ~8.5.
Crypto trading isn’t going away and with good potential in every aspect of finance including e-commerce and even retail.
Coinbase hires top talent, its reputation for toxic work culture isn’t a problem for investors because it means the company can remain competitive by working everyone and rewarding high performers.
Yes, they can have bad quarters but crypto’s been trending upwards and Coinbase in particular doesn’t need expensive coins but consistent increase in market adoption which is already happening even in Europe.
Can anyone educate me on why would anyone be bearish on COIN?
Disclaimer: I have some COIN and planning to buy more
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Binance has better offerings than Coinbase at the moment.