Betting on Bitcoin: Does Coinbase Stock's Surge Signal a Buy?

Bitcoin (BTC-USD) hit a record high of $69,202, topping its previous high of $68,999.99 in November 2021. That’s good news for Coinbase Global (NASDAQ:COIN) and COIN stock. After all, Bitcoin accounted for 34% of its 2023 trading volume and 35% of its transaction revenue. “We generate a large portion of our total revenue from transaction fees on our platform in connection with the purchase, sale, and trading of crypto assets by our customers. Transaction revenue is based on transaction fees that are either ...