Crypto is everywhere. Does this make Coinbase Stock a buy?
If you’re trying to figure out what cryptocurrency is – or why it’s even low in value – rest assured: you are not alone. While cutting-edge technologists have hammered home for nearly a decade that it is the future, most mere mortals have only become familiar with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) during the last years.
While we leave it up to others to determine whether these cryptocurrencies are worthy of your direct investment, there are other ways to profit from the trend. Among them : Global Coinbase (NASDAQ: COIN) – which developed the main platform for buying and selling cryptocurrencies.
In this July 6 video highlighting their hour-long dive into the business, Motley Fool contributors Brian Stoffel and Brian Feroldi discuss Coinbase’s bullish and bearish case, as well as the most important variable – which is completely out of the control of the company – – which will have the most influence on its long-term fortunes.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.