Can Coinbase Become the First Trillion-Dollar Cryptocurrency Stock by 2040? [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
selling of Bitcoin . But over the next 12 years, the digital asset brokerage and exchange operator has expanded into a broader business by offering more services. After a disappointing 2022, shares have been on an absolute tear, soaring 697% in the past two years. As of this writing on Dec. 19, the company's market cap sits at $70 billion. But can Coinbase continue its upward trajectory, increase 14-fold in value, and become the first trillion-dollar cryptocurrency stock by 2040? Betting on the entire crypto industry Thanks to its first-mover advantage, powerful network effects , and expanding financial ecosystem, Bitcoin deservedly gets a lot of the attention among investors. Smaller blockchain projects, like Ethereum XRP , and Solana , are also potentially on the radars of those looking to put money to work in this industry. Here's where Coinbase provides a unique opportunity. I view the business as essentially being a bet on the growth of the entire cryptocurrency market
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News
- Bitcoin Prices Trade Close To $95,000 After Nearly 5% Drop [Forbes]Forbes
- If You Gifted Your Family $100 In Bitcoin, Dogecoin And Ethereum Last Christmas, Here's How Much They Would've Had This Christmas [Yahoo! Finance]Yahoo! Finance
- Crypto readies its wish list for Trump [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Trump policy could bring 'enormous vindication' for crypto: Expert [Yahoo! Finance Canada]Yahoo! Finance Canada
COIN
Earnings
- 10/30/24 - Miss
COIN
Sec Filings
- 12/26/24 - Form 4
- 12/26/24 - Form 144
- 12/23/24 - Form 144
- COIN's page on the SEC website