“It misses the significant diversity within retail, underestimating the power of simplicity,” said Brendler in a note to clients. “Despite below-consensus expectations for Q2 and beyond, we’re sticking with Coinbase as we believe the 2022 ‘crypto winter’ will ultimately work to its advantage.” He has a buy rating and $90 price target on the stock.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...