Introduction
Coinbase (NASDAQ:COIN) is the enabler of the modern digital version of a goldrush: cryptocurrencies. COIN, in essence, is a trading platform specialized in, and dedicated to, cryptocurrencies.
It makes absolute sense for COIN
Coinbase: A Pure Play Crypto Bet
Summary
- In essence, a simple, focused business model to trade in cryptocurrencies with a superb fee structure.
- Fundamental valuation is not a question now as animal spirits and futuristic expectations will likely drive price development.
- Investors like to get exposure to crypto, anecdotally what it is and how it works is skipped: that is a recipe for a potential bubble.
- Price discovery commences, expect major swings in price in the near term.
Non-bearded medium rare value investor finding ideas that are undervalued, and unloved, misunderstood or underfollowed. Preferably all of it.20+ years in private equity, M&A and other lateral thinker roles. Unconstrained approach to invseting.Investing success is based on skill and luck. One way to finetune skill for me is by writing down an investment thesis since it gives me time to reflect on self-congratulatory thoughts that are a disguise for behavioral pitfalls or potential stupidity.An 'I don't know mentality' is a good tool to think through uncertainty. Therefore all my investments are bets in the non gambling sense of the word based on weighted probabilities of scenarios and expected returns.
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