Volatility in Crypto is Great for Coinbase

#Coinbase #Investing #Crypto
Today we’re talking about Coinbase, ticker symbol COIN, and we’re going to try to figure out its share price. Coinbase is the largest cryptocurrency exchange in the U.S. and one of the biggest exchanges in the world. The company dumped a traditional IPO this year and went public via a direct listing instead. Which created a lot of uncertainty around what’s fair market value for its stock.

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Coinbase reported Q1 revenues of $1.80 billion for revenue growth of nearly 850% on a year-over-year basis and more than 200% compared to the previous quarter. Yet despite the massive surge in revenue, the results still missed expectations as Wall Street was expecting $1.81 billion in revenue. Coinbase shouldn’t be punished in share price and valuations just because Wall Street doesn't understand crypto and Coinbase and couldn’t set the right expectations. Coinbase’s quarterly report was solid across the board. It’s wall street that missed, not Coinbase.

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Tags: #Investing #Stocks #Crypto #Coinbase #COIN

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Timestamps:

0:00 - Intro
0:18 - Coinbase
1:26 - Growth & Technology
1:52 - All-Time Highs
2:44 - Cryptoeconomy
3:56 - Wall Street Missed, Not Coinbase
6:24 - Volatility is Good
7:53 - Price-to-Sales
9:47 - Cash Position
10:29 - Printing Tendies
11:07 - What do you think about Coinbase?
11:39 - Free Bitcoin & Free Stocks

Thank you for watching Ticker Time News,

Adam & Brandy

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