Model Portfolio – Future: Investors Underestimate Coinbase
The cryptocurrency market has recovered from its annual low. However, Coinbase has hardly benefited from this. However, much suggests that the price of the cryptocurrency company will also rise soon.
The Bitcoin has risen to $83,000, up 45% from its low in early June. The cryptocurrency market is benefiting from its limited supply, with only 21 million Bitcoins available, as well as a positive stock market and advancements in the sector. Coinbase, a major cryptocurrency exchange, has been added to a future portfolio, despite reporting a net loss of $360 million in the last quarter.
The company's market capitalization is around $52 billion, with expected revenue of over $5 billion in 2026, and is diversifying its business into subscriptions and services, including custody of large crypto-ETFs, such as those from Blackrock.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
