Why Coinbase's Slow Start Spells Opportunity
The excitement around Coinbase Global's (NASDAQ: COIN) initial public offering (IPO) was certainly short lived. And many analysts have outlined risks facing the crypto exchange company. However, Coinbase's decline could spell opportunity for investors who understand the many ways the company can capture more wallet share in this fast-growing industry.
Bitcoin (CRYPTO: BTC) sports a market capitalization of more than $1 trillion. Dogecoin (CRYPTO: DOGE) has climbed from less than $0.01 to $0.47 in a matter of months. However, stock analysts regularly question if the crypto industry is here to stay, or whether this is all just a massive bubble waiting to pop. For Coinbase to be a solid long-term investment, investors need to accept the crypto market as an investment alternative, instead of an opportunity to gamble.
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Source Fool.com
