Unconfirmed: Why This Analyst Puts Coinbase in the Most Exclusive Club of Stocks - Ep.229

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Gil Luria, director of research at D.A. Davidson, talks about Coinbase’s performance on its first day as a public company. In this episode, Gil discusses:
the significance of Coinbase going public (1:05) why doing a direct listing was a risky move (1:31) why he revised his price target for COIN from $440 to $650 (3:17) how investing in COIN as a “pure play” crypto company compares to buying stock in companies like MicroStrategy and Square (5:06) why some people are disrupting Coinbase’s actual market cap (7:11) whether Coinbase can smooth out revenue over the long term and not be so correlated to the crypto markets themselves(10:45) what sort of statistics Gil is looking for in valuing Coinbase (13:08) why Gil thinks Coinbase can meet its goal of growing non-transaction revenue from 4% to 50% in five to ten years (15:32) how Coinbase could navigate the compression of fees that will occur as competition increases among exchanges (17:33) whether Coinbase’s stance as an apolitical company could affect the stock price in an era in which companies are getting involved in issues like voting rights (19:45) whether the Bitcoin price and COIN stock price will always be highly correlated (21:18) which other crypto companies are good candidates for going public as well (22:35) weekly news recap (24:03)
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Gil Luria
Twitter profile:   Introducing Crypto’s Amazon Moment (written by Gil):  2013 Quote from Gil on Bitcoin: Previous Unchained Appearance:
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Ellie Frost Blog: Tweet Thread on Market Cap Discrepancy w/ Comment From Jeff Dorman Forbes Coverage of Coinbase Direct Listing:  Brian Armstrong CNBC Interview on Transaction Fees:


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