The Simple Truth about Coinbase Stock | Investment Analysis
Coinbase stock price analysis shows the price could double from here, but then why am I NOT buying? Don’t miss these price predictions on 7 Cryptocurrencies including Ethereum and Litecoin! https://youtu.be/8IYNyn-QB_M
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I love investing in exchanges, the picks and shovels investments of the investing world. These platforms make a lot of money with less risk than investing directly in the assets. So it’s no surprise I was really excited when Coinbase issued shares and started trading…until I started to think about it.
In this video, I’ll show you a complete Coinbase stock analysis including how the company makes money and future growth potential. We’ll look at financials and use that to build a Coinbase stock price prediction. Then I’ll show you the simple reasoning why I’m not buying Coinbase stock, why I’m investing directly in crypto instead.
Coinbase collects billions in fees and subscriptions from crypto investors. It’s helping to grow the token ecosystem and will make even more money in the future. The company is just starting to grow out its subscription and services revenue. That should make Coinbase stock an easy buy.
In fact, based on trading for similar stocks like the CME Group, Coinbase shares should be worth at least 75% more and could double from here. On this year’s estimated revenue, shares of Coinbase are worth $400 each and that’s not including future potential growth.
But the problem is, investing directly in crypto instead of Coinbase stock is actually the more certain investment and the higher return.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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