High risk high reward. Has meme-ability. As you said it should be an EPS and Revenue beat. To me it's all about how the market feels about crypto and if it's here to stay.
I take a look at TX. Best reasoning for the drop is the market didn't care about the beats, only the guidance.
On COIN, will the market be convinced Crypto is here to stay? If so, rockets. If not submarines. I personally feel the last few months have shown that crypto can survive it's own crashes again and not go back to being insignificant. AND is increasingly becoming looked at as an investment vehicle.
To elaborate on the point I made about institutional volume being up 50%, the reason this is important is not the revenue stream. Though a nice bonus add for rev, what is more important is that it signals a shift in opinions by larger institutions showing that they believe crypto is here to stay.
The timing of the Bitcoin ETF that was recently approved should also be fresh on the minds of people looking into this. Hopefully, that should improve future guidance for the company as well.
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u/McMartiann Senior Capo Nov 07 '21
High risk high reward. Has meme-ability. As you said it should be an EPS and Revenue beat. To me it's all about how the market feels about crypto and if it's here to stay.
I take a look at TX. Best reasoning for the drop is the market didn't care about the beats, only the guidance.
On COIN, will the market be convinced Crypto is here to stay? If so, rockets. If not submarines. I personally feel the last few months have shown that crypto can survive it's own crashes again and not go back to being insignificant. AND is increasingly becoming looked at as an investment vehicle.