3 Red Flags for Coinbase's Future
There's a bull case and a bear case for any stock. As a Coinbase (NASDAQ: COIN) shareholder, it's important to understand the bear argument against the stock. And for Coinbase specifically, the arguments are pretty strong.
I laid out the three best arguments against Coinbase long term, and whether you're a bull or a bear on crypto and Web3, these are arguments worth considering in your thesis.
One of the best arguments against Coinbase's current business is that high cash flows aren't sustainable because exchange fees will eventually be squeezed. You can see in the chart that free cash flow has exceeded $1.5 billion in four of the last six quarters, largely on the back of trading fees.
Source Fool.com
