Unconfirmed: Is Coinbase Stock a Good Buy? This Analyst Says Yes - Ep.217

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 5 March 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Gil Luria, director of research at D.A. Davidson, talks about the upcoming Coinbase direct listing and his recent research note, “Introducing Crypto’s Amazon Moment.” In this episode, Gil discusses: his crypto background, including his experience as the first Wall Street analyst to cover Bitcoin back in 2013 (1:27) why the Coinbase IPO is going to be an inflection point for the crypto industry (3:02) why he gave Coinbase's upcoming stock a “buy” rating (4:14) who Coinbase's biggest competitors are (5:13) why Gil believes Coinbase is the “gold standard” in crypto (6:29) how investing in Coinbase stock compares to investing in actual crypto assets (8:13) how he came to $195 price target for COIN (10:39) why a $2 billion revenue estimate for Coinbase in 2021 might be conservative (12:01) how Coinbase is generating money outside of transaction fees (14:19) whether he expects the institutional adoption trend to grow (15:49) what his expectations are for the price of COIN on the day it opens (17:20) why GBTC is no longer trading at a premium to the spot price of bitcoin (18:20) whether Gil will continue to cover crypto (20:05) crypto News Recap (20:53) Thank you to our sponsor! Crypto.com: https://bit.ly/3jzkTAD Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla Episode links: Gil Luria’s Twitter profile: https://twitter.com/gilluria Crypto’s Amazon Moment: https://markets.businessinsider.com/currencies/news/coinbase-direct-listing-public-coverage-stock-price-amazon-cryptocurrency-dadavidson-2021-3-1030150896 Introducing Crypto’s Amazon Moment: https://unchainedpodcast.com/wp-content/uploads/2021/03/DA-Davidson-Coinbase-Initiation-20210302.pdf Coinbase S-1 Filing: https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm 2013 Quote from Gil on Bitcoin: https://www.streetinsider.com/Analyst+Comments/Bitcoin+Could+Be+Worth+10-100x+Current+Price+-+Analyst/8936836.html Link to the Crypto News Recap: https://unchainedpodcast.com/the-irs-clarifies-its-position-on-crypto-purchases/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Introducing the new Philly cheese stack at McDonald's with two beef patties. Oh, yeah, crispy and grilled onions. So crispy.
0:06.8	Cheddar cheese. Oh, cheese. All topped with a melted cheddar cheese sauce.
0:10.8	That's the Philly cheese stack, one for the cheese lovers.
0:15.4	Available until the 21st of November, served after 11 a.m.
0:18.0	but it's about in restaurants only, sublimed to availability.
0:20.0	Slack presents hands-free conversations.
0:23.2	Hello, car commuter. Dog Walker. Stroll the pusher. Your hands are busy.
0:27.8	It's why we created huddles in slack because sometimes talking is easier than typing.
0:32.5	Huddle without the hassle. In slack.
0:39.4	Hi, everyone. Welcome to Unconfirmed. The show that reveals how the marquee names in crypto
0:44.0	are reacting to the week's top headlines and gets the insight scoop on what they see on the horizon.
0:48.4	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:52.4	I started covering crypto five years ago and as a senior editor at Forbes
0:56.4	was the first mainstream media reporter to cover cryptocurrency full-time.
1:00.4	Unchained and Unconfirmed are now published as videos.
1:02.8	If you're not yet subscribed to the Unchained YouTube channel, head to youtube.com slash c
1:07.5	slash Unchained podcast and subscribe today.
1:11.3	Crypto.com is giving away four Teslas. To enter the lucky draw,
1:15.6	download the crypto.com app and buy at least $100 worth of Bitcoin.
1:20.4	Download the crypto.com app now.
1:22.8	Today's guest is Gil Lauria, Director of Research at DA Davidson. Welcome, Gil. It's nice to see you
1:30.0	back in crypto. It's great to see you, Laura. We've been talking for many years and you've done
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.