Maurice Bertie
2024-11-26

$Coinbase Global, Inc.(COIN)$ COIN should be impacted less by BTC pull back as it is a stock and trading platform and not owning BTC.

This will move with market like from last 10 days.Over the past 10 days, COIN has been moving in line with the broader market, showing resilience and a degree of decoupling from Bitcoin's short-term price movements.

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Comments

  • 违背人性
    2024-11-26
    违背人性
    How come COIN drops more than MSTR, that is insane
    • Maurice Bertie

      Great point!COIN’s business model is more resilient since it earns from trading volume, not just BTC prices.

  • Augustking
    2024-11-27
    Augustking
    Coin owns btc, do your research
    • Maurice Bertie

      You're right, COIN does hold some BTC on its balance sheet, but it’s relatively small compared to the overall business model. The point is that COIN’s performance is not tied directly to BTC's price like companies with major holdings, such as MSTR. Thanks for bringing this up

  • FORTISTRYER
    2024-11-26
    FORTISTRYER
    Just tanked
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