Coinbase Q1 2024 Earnings Update
Level 4 - Turbo Autist
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We continue to hold Coinbase COIN 0.13%↑ stock for the long term. Although the stock price has recently fallen as part of the recent crypto downturn, zooming out it has gained 16% since the Company last reported earnings.
Our position isn’t an earnings play; it reflects our thesis that Coinbase becomes a quasi-monopoly in the US. Today we …