Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Monday, April 8, 2024

Coinbase's Legal Problems

 


If the price of Bitcoin reaches 100 000 USD, Coinbase's stock market capitalization could double from current levels.

Coinbase, however, does have legal challenges in the form of a couple of lawsuits from the US Department of Justice alleging Coinbase illegally offers for sale and trading securities, akin to stocks without having a proper license for that.

There is non-negligible chance of the Department of Justice winning this case, in Wolfteam Ltd.'s view.

So there is a price cap of Coinbase's stock price of about 350 USD currently, according to Wolfteam Ltd.'s projections and estimates.

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