DeFi Education • 499 implied HN points • 03 May 24
- Coinbase stock has seen a recent drop but has gained 16% since the last earnings report. This means it's important to look at the bigger picture rather than just short-term changes.
- The company is viewed as becoming a quasi-monopoly in the US, which suggests strong future potential. Holding the stock is based on this long-term belief.
- Investors are not focusing solely on earnings as a quick play, but rather on the overall growth and position of Coinbase in the market.