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

Sunday, November 24, 2024

Coinbase Is Undervalued On Possible Broad Cryptocurrencies Adoption On Wealth Effects


Coinbase Global Inc, the cryptocurrencies exchange is undervalued on the possibility of Bitcoin reaching and surpassing 200 000 USD in 2025 on broader adoption due to measures, which Donald Trump's administration could undertake, according to Wolfteam Ltd.'s projections and estimates.

Coinbase's market capitalization could surpass 400 billion USD, compared with Coinbase's current market capitalization of 76.27 billion USD.

With Bitcoin's possible broader adoption there could be many more initial coin offerings, ICO's which cryptocurrencies tokens could begin trading on the Coinbase exchange and thus raise dramatically Coinbase's revenues and profits.

As Bitcoin's price increased by more than 50 % from 68 317 USD to 99 266 USD after the US presidential election, there is bound to be more Bitcoin adoption by the general public on possible wealth creation opportunities, in Wolfteam Ltd.'s view.

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