Warning: Coinbase Stock Could Fall Much, Much Lower

It might be tempting to back up the truck and buy Coinbase (NASDAQ:COIN) stock because you heard about the approval of spot Bitcoin (BTC-USD) exchange-traded funds. However, I’m offering an unpopular opinion today. COIN stock could quickly retrace much of its rally from last year’s fourth quarter, so this is no time to make any hasty trades. Just as a reminder, Coinbase stock zoomed from $70 to $185 in late 2023. After such a parabolic run-up, there’s a big air pocket below and even long-term investors need ...