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Goldman Reveals Its Favorite Crypto-Exposed Stocks

by Tyler Durden Tuesday, Apr 27, 2021 - 10:30 AM Wall Street s infatuation with cryptos is shifting from a sordid and steamy love affair to full-blown full regalia wedding ceremony on the Caymans, which is understandable in a world where there is no fundamental analysis involved in picking stonks and so one can just as well make the selection of risky asset into an enjoyable gamble and with countless cryptos still soaring triple digits any given day, the retail public is increasingly gravitating toward the digital currencies which come embedded with the promise of overnight riches. It is therefore hardly a coincidence that after years of furiously bashing bitcoin (remember when Jamie Dimon warned his employees they would be fired if they bought bitcoin?) JPM finally admitted what we said all along - that its almost daily hitpieces had one intention only: to convince its own clients to

Whipsawed Bitcoin investors eye Coinbase as steadier crypto bet

Whipsawed Bitcoin investors eye Coinbase as steadier crypto bet Brandon Kochkodin, Bloomberg News VIDEO SIGN OUT For many investors, Coinbase Global Inc.’s trading debut next week will be an entry into the US$2 trillion cryptocurrency market. And for those who have already gorged on Bitcoin, the arrival of the largest U.S. cryptocurrency exchange on the Nasdaq Stock Market could be what is needed to settle portfolios roiled by the asset class’s notorious volatility. There are other stocks already tied to the bits and bytes of the various blockchains. Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. But with Coinbase’s public listing, investors will have the choice of an equity tied to cryptocurrencies that is so the hope goes less likely to suffer persistent cycles of boom and bust.

Coinbase IPO: Whipsawed bitcoin investors eye Coinbase as steadier crypto bet

For many investors, Coinbase Global Inc.’s trading debut next week will be an entry into the $2 trillion cryptocurrency market. And for those who have already gorged on Bitcoin, the arrival of the largest U.S. cryptocurrency exchange on the Nasdaq Stock Market could be what is needed to settle portfolios roiled by the asset class’s notorious volatility. There are other stocks already tied to the bits and bytes of the various blockchains. Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. But with Coinbase’s public listing, investors will have the choice of an equity tied to cryptocurrencies that is so the hope goes less likely to suffer persistent cycles of boom and bust.

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