COIN moves with the BTC market

2021-08-10

I know this stock really moves with the BTC market, and I get it. Higher the coin price and more fees to accumulate, but people have not been paying attention to the insane volumes of ETH and some other coins over the last 2 months. Also I love how they slowly move the estimates up over the last 7-60 days, however even with this I believe they still blow out estimates and guide higher. If anything deserves a 40-50 PE in this market it is COIN with the insane growth. 10-11 EPS for 2021 is not really out of the question. In addition the 4.50 EPS for net year at some point will need to be guided a lot higher.$Coinbase Global, Inc.(COIN)$

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