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Coinbase Global, Inc. (COIN): A Bull Case Theory

We came across a bullish thesis on Coinbase Global, Inc. on Artemis Big Fundamentals’s Substack by Kevin Li. In this article, we will summarize the bulls’ thesis on COIN. Coinbase Global, Inc.'s share was trading at 320.07asofSeptember23rd.COINstrailingandforwardP/Ewere30.84and46.51respectivelyaccordingtoYahooFinance.SemlerScientificInc.(SMLR)Agrees320.07 as of September 23rd. COIN’s trailing and forward P/E were 30.84 and 46.51 respectively according to Yahoo Finance. Semler Scientific Inc. (SMLR) Agrees 29.75M DOJ Settlement Coinbase reported Q2 revenue of 1.497billion,essentiallyinlinewithouronchainbasedforecastof1.497 billion, essentially in line with our onchain-based forecast of 1.495 ...