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Independent, Unbiased Stocks, Equities Analysis, Valuations. Investing Insights. No Recommendations!

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.

Independent, Unbiased Stocks, Equities Analysis, Valuations. Investing Insights. No Recommendations!

Monday, April 8, 2024

Coinbase's Legal Problems

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