Coinbase’s stock price has already declined by roughly 50% in less than half a year.
As such, it’s no surprise that the COIN shares skyrocketed to $385 in mid-November, when BTC painted its all-time high at $69,000. Since then, though, the stocks have been on a freefall, shedding approximately 50% of their value and closing at $185 on March 18th.to CNBC on Friday, Chanos outlined his and his company’s reasons why they believe Coinbase is overvalued by naming it a “bubble stock.”
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