Why We’re Liking Coinbase Stock At $128 a Share

February 28. 2021. 7 mins read

Investing in some technology themes isn’t so straightforward. Take bitcoin for example. The simplest way is to just go buy some bitcoin and then not sleep well ever again. Or you can invest in a bitcoin ETF which we’ll be taking a look at in a future article, or several “bitcoin stocks” you should definitely pass on. Then there’s Square, which now counts the bitcoin they sell their customers as “revenues,” along with companies adding bitcoin – an extremely volatile asset class – to their balance sheets and trying to pass it off as a cash substitute. Aside from owning some bitcoin outright, there may be another way to make money off the cryptocurrency boom, no matter what direction it takes.

Acknowledging a True Leader

Before we even start discussing this company, can everyone just stop what they’re doing and let’s give the CEO of Coinbase, Brian Armstrong, a standing ovation for denouncing the divisiveness of American politics. On September 28, 2020, he

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