Unchained Unconfirmed: Is Coinbase Stock a Good Buy? This Analyst Says Yes - Ep.217
Mar 5, 2021
Gil Luria, Director of Research at D.A. Davidson, is a pioneering Wall Street analyst who first covered Bitcoin in 2013. He discusses Coinbase's direct listing, emphasizing its potential as a turning point for the crypto industry. Luria believes Coinbase is the 'gold standard' in crypto, assessing its competitors and outlining his optimistic $195 price target. He shares insights on its diverse revenue streams and the expected surge in institutional adoption. Get ready for a compelling look at how Coinbase could reshape crypto investing!
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Gil Luria's Early Bitcoin Involvement
- Gil Luria, initially a Wall Street payments analyst, became fascinated by Bitcoin in 2013.
- He published the first Wall Street Bitcoin report, opened an institutional Coinbase account, and even accepted Bitcoin for research.
Crypto's Amazon Moment
- Coinbase's public listing is likened to Amazon's 1997 IPO, marking a turning point for crypto.
- This event signifies the integration of traditional finance and crypto, creating a substantial, intertwined business.
Coinbase vs. Crypto Assets
- Investing in Coinbase simplifies crypto exposure compared to choosing individual assets.
- Coinbase profits regardless of which specific crypto asset performs best, mitigating investor risk.