The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

The Case For (And Against) COIN: Fundamental, Technical and Philosophical Considerations

Those who know me will be surprised to learn that I bought shares in Coinbase (COIN), the leading cryptocurrency broker, on Friday in the wake of its 1Q21 Earnings Report Thursday afternoon. That’s because my intellectual roots are in Ayn Rand, Ludwig von Mises, The Austrian School of Economics and therefore the gold standard. As a consequence, I’ve tended to be of the mindset of Warren Buffet toward Bitcoin and cryptocurrencies in general when he called the former “rat poison squared” at Berkshire’s 2018 Annual Meeting. However, that doesn’t mean I can’t trade it profitably.