$Coinbase Global, Inc.(COIN)$ I got to step in and say something to those who are bearish. Yes Coinbase lost big within their financial statements for 2022, but you are missing the bigger picture. Coinbase tracks the S&P 500 9 out of 10 times. The whole market is getting crushed. Look at Google, Home Depot, others. Coinbase will be ridiculously profitable after the 2024 halving. Also, that's when the FED will start printing money and cutting interest rates, around the 2024 Halving.
The management is strong, and they are making solid decisions today, with their financial statements, and with policy and regulators to be very profitable in the future. Coinbase ran a very efficient company since 2012. 2022 was a brutal year for the entire S&P.
By summer of 2025, you'll drool for a $60 Coinbase.
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