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Coinbase's expected $100 billion valuation is 'far too high' given the increasing competition in the cryptocurrency market, a veteran stock analyst says

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Coinbase is set to go public soon, but New Constructs' David Trainer says investors should avoid the stock if the valuation is anywhere close to what's currently indicated.

, but New Constructs CEO David Trainer says investors should not buy the stock if the valuation is anywhere close to current expectations.

Although the company achieved profitability in 2020, the current expected valuation implies that Coinbase will become the largest exchange in the world by revenue, which isn't guaranteed given the existence of competitors like Gemini, Kraken, and Binance, he added.

 

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Clearly people speculating about coinbase know nothing about its CustomerService, CyberSecurity, or Fraud

thank you very much for your work

Big investing vibes.

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