• 63
  • 9
  • 收藏

Is Coinbase The 'Most Obvious Play In The Stock Market Right Now'?

Benzinga2021-12-23

Oppenheimer named cryptocurrency exchange Coinbase Global Inc a top pick for 2022 Wednesday, citing the continued adoption of digital assets by retailers and institutions.

"For institutional investors who are interested in getting exposure to digital assets, we believe COIN is well-positioned to benefit from it," Oppenheimer analyst Owen Lau said.

Ritholtz Wealth Management CEO Josh Brown weighed in Wednesday afternoon on CNBC's "Closing Bell."

"This is the most obvious play in the stock market right now as far as a directional bet on whether or not there will be huge flows into crypto from institutions and wealth management next year," Brown said. "And I know there will be because this is who I talk to all day."

Brown was bullish on the outlook for Coinbase in 2022 and beyond. He suggested Coinbase was a more obvious play than even Bitcoin, the world's first cryptocurrency.

"This is the play. I think they are positioning themselves as like the Fidelity of digital assets," he said. "So we would make that directional bet."

Brown told CNBC that he had already made that bet: he owns Coinbase shares personally, as well as through his wealth management firm.

"So if you want to make that bet, Coinbase is the most obvious way to make that bet," he emphasized.

"I think Coinbase will work alongside a lot of other things that are related to this market."

COIN Price Action:Coinbase has traded as high as $429.54 and as low as $208 since it went public in April. The stock closed up 2.77% at $254.55 Wednesday.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论9

  • shirlzz
    ·2021-12-29
    Great price 
    回复
    举报
  • suhzsuhaimi
    ·2021-12-23
    lets make it
    回复
    举报
  • VincentS
    ·2021-12-23
    Gogogo
    回复
    举报
  • lololol13
    ·2021-12-23
    Long it
    回复
    举报
  • logostauros
    ·2021-12-23
    Yes
    回复
    举报
    收起
    • JimmyT
      ok
      2021-12-23
      回复
      举报
  • Lollmaorofl
    ·2021-12-23
    Should have entered at a lower price but oh well long term
    回复
    举报
  • aprilialand
    ·2021-12-23
    like
    回复
    举报
    收起
  • Scarl
    ·2021-12-23
    Overweight
    回复
    举报
    收起
    • Hayz
      Buy
      2021-12-23
      回复
      举报
  • boonwt
    ·2021-12-23
    Let's go
    回复
    举报
    收起
    • lololol13
      let's go
      2021-12-23
      回复
      举报
 
 
 
 

热议股票

 
 
 
 
 

7x24