Hello Hodlers, Hiveans and Lions,
Well well well... Two days ago I shared Price Target for #bitcoin from Bernstein Investment Bank. Link here.
And what do I see today as one of the Top News?
JPM Securities writes that Bitcoin ETFs could see $220bn of inflows over the next 3 years!
As a rule of thumb this compares to $1.4tn Market Cap for Bitcoin. So this is quite sizeable but not crasy if you ask me. On the other hand, JP Morgan estimated only $62bn of bitcoin ETF inflows (BOOOOOOOO!)
They also think that Coinbase is very well-ppositioned to benefit from the bitcoin and crypto boom and have now a target of $300!
Coinbase Stock Price
$COIN has room to run if you want my opinion. If we are indeed at the beginning of a new Crypto Bull Run, they have invested everywhere in Web3 and should reap tremdenfous profits once they can dump tokens or sell some shares in projects they own.
Time will tell but I am almost ready to take a big bet on Coinbase... Looking for a small pullback maybe.