Coinbase Will Be 'Best Investment' Over Next Five Years: Boost VC's Adam Draper

investor Adam Draper thinks the crypto exchange will be the “best investment” over the next five years as he emphasized the value of a long-term investment strategy.Silicon Valley’s Reckoning

" alongside Jalak Jobanputra, founder of Future Perfect Ventures and Lauren Stephanian, Partner at Pantera Capital. Responding to a question from the moderator, CoinDesk Deputy Managing Editor Tracy Wang, regarding the investment time horizon of a venture capital, Draper said he is a long-term players and still holds most of the investments he has made in crypto.

Draper went on to explain that there is a distinction between a hedge fund and a VC in terms of time horizon of an investment, indicating that hedge funds tend to focus mostly on the short-term trades.“If you are a short-term investor, if you are on Wall Street, you think that last year Coinbase was an awful investment," Draper said.

The shares of Coinbase has fallen about 57% in the last 12-months, but rose about 49% this year, according to TradingView.

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NY investment bank says 'crypto winter is over,' bullish outlook for CoinbaseAnalyst Mike Colonnese from H.C. Wainwright has declared an end to crypto winter and explained that Coinbase stands to benefit greatly from the next crypto bull run. According to the analyst, markets “have likely now entered BTC’s next bull price cycle, which has historically resulted in significant growth in total crypto market cap, incremental retail and institutional adoption, and higher crypto trading volumes.”
Fuente: Cointelegraph - 🏆 562. / 51 Leer más »