herstockart
Co-Authored by Noah Cox and Brock Heilig
Investment Thesis
While crypto markets have been volatile, I continue to believe Coinbase (COIN) is a strong buy. While much of the altcoin market remains in a bear market, the cryptocurrency
Coinbase: Genius Act Deep Dive
Summary
- Coinbase remains a strong buy due to resilient fundamentals, diversified revenue, and robust growth in subscriptions and services, even amid crypto market volatility.
- The GENIUS Act is a major catalyst, providing regulatory clarity for stablecoins, unlocking institutional and corporate adoption, and expanding Coinbase’s total addressable market.
- Despite high valuation premiums, I believe Coinbase’s rapid revenue growth and stablecoin-driven margin expansion justify the upside potential, with 81% share price appreciation possible.
- Risks from altcoin and Bitcoin volatility exist, but the GENIUS Act’s impact and Coinbase’s operational strength make it my top pick for crypto market exposure.
This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Noah Cox (main account author) is the managing partner of Noah’s Arc Capital Management. His views in this article are not necessarily reflective of the firms. Nothing contained in this note is intended as investment advice. It is solely for informational purposes. Invest at your own risk.
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