Coinbase Is Up 340% as Bitcoin Reaches New High

Coinbase (NASDAQ: COIN) is up 341% over the past year as the crypto industry made a quick recovery from 2023 lows. Now, Bitcoin ETFs are one of the hottest investments and Coinbase is riding the wave. In this video, Travis Hoium shows why Coinbase is primed for a phenomenal 2024.
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[@asymmetricinvesting]

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[@cruiserland3309]

When is coinbase going to list PEPE coin?

[@xtrthink6227]

Thank you for your insights

[@Black-Circle]

great videos thanks

[@asymmetricinvesting]

You're welcome!

[@johnshadow9310]

I am enjoying all your videos on Coinbase and subscribed too. Could you do a video on protecting a very large concentrated position in Coinbase . Puts are too expensive and stop losses get triggered too easy with stock volatility. A custom video directed to Coinbase would be most appreciated and I am sure the general techniques would work with any stock. I tried some position scaling too, but I think this stock could go to 700 in two years. I saw that they made a billion dollars in futures trading last month. Also another huge source of income in the future will be from taking a portion of the staking rewards from Ethereum ETFs and possibly Solana ETFs that they are working on. People like ETFs that pay dividends. They take a huge 25% of an individual's staking rewards. I do think that is way too high. But even if they take a smaller percentage from institutional investors they will more than make up for it in volume. Thank you. I think this has all the attributes of a Magnificent 8 stock to round out the Magnificent 7.

[@asymmetricinvesting]

Thanks for the comment. I will be honest and say hedging is not something I’m going to cover. It’s not may area of expertise and I think it’s an expensive alternative to just selling some stock to get to a level you feel is appropriate for you. I’m sorry if that an unsatisfactory answer but after years of trying everything that’s where I’ve landed.

[@johnshadow9310]

@@asymmetricinvesting it is a good answer. My Dad once said if you are constantly worrying about a position you have too much concentration. I wish there was a way because it is a rocket. Thank you. I also think Bitcoin ETFs may offer dividends despite the currency not offering staking. They will generate it by selling call options on Bitcoin they hold. Almost like a covered call ETF. Huge fees for Coinbase from multiple income streams

[@ephrimebuckins9996]

But they "shutdown" for the 3 time. When it's so good right now to buy

[@patrickmccarthy58]

Great video thanks Travis. My analysis of your videos have encouraged me over these last few months to add tiny amounts to a then small position which is now my largest position and now your latest video has encouraged me to keep the position just when I've been considering trimming it, thank you 😉 Good work

[@asymmetricinvesting]

Thank you. It may be volatile, but I’m hanging on as well.

[@bbyevo8u]

Coinbase will be $1000 in no time..

[@KenjiEspresso]

Pump and Dumper?

[@timladiesman09]

Aaaaand it’s gone. 😢