Stablecoins alone are a good reason to be bullish on COIN
Stablecoins alone are a good reason to be bullish on $Coinbase Global, Inc.(COIN)$ stock.
1. Stablecoins are already starting to replace credit card rails
2. Rising interest rates will mean more $$ for stablecoin issuers
3. Coinbase gets a revenue share from Circle AND owns part of Circle
This sounds crazy, but I have a feeling some of these stock moves may not stick...
Eventually, fundamentals win.
After today's move, Coinbase is up 303% in my portfolio. I was bullish on the stock when it was $63 per share.
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