COIN - Cathie Wood Can't Get Enough of This Crypto Stock
2023-03-07 07:45:00 ET
Cryptocurrency may be the most-hyped asset class of the past decade. Crypto started off largely as an academic discussion, as alternatives to traditional currency began to take shape. But over the past few years, the rise of the retail investor served as a catalyst for the growing interest in crypto tokens. Whether it is digital art such as non-fungible tokens (NFTs), traditional tokens like Bitcoin (CRYPTO: BIT) or Ethereum (CRYPTO: ETH) , or meme coins pumped by notable public figures , cryptocurrency started to peak.
One of the most notable companies in the crypto industry is the trading exchange Coinbase (NASDAQ: COIN) . The company's stock price has been volatile over the last few years, which isn't entirely surprising, given the waning enthusiasm in crypto during these uncertain economic times.
One silver lining may be that after the collapse of several competitors, perhaps most notably FTX , Coinbase is still standing. And Wall Street is buying.
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Cathie Wood Can't Get Enough of This Crypto Stock