What Caught Our Attention in the Investment World? – Week of April 12-16, 2021

By Kuldip K. Ambastha

Investors all over the world continue to be intrigued by the cryptocurrency and blockchain sector. Coinbase Global Inc. (COIN) had a reference price of $250.00 for its NasdaqGS direct listing of pre-existing private shares. Wednesday, April 14, 2021 was the first full day of public trading for Coinbase Global, with the stock opening at $381.00 and closing at $328.28. At the end of Friday, April 16, 2021, the stock closed at $342.00.

As more institutions and governments take proactive steps to move the cryptocurrency and blockchain sector into the mainstream, the strong interest in shares of Coinbase Global was expected. That said, the cryptocurrency and blockchain sector is a definitely high-risk and potentially high-return sort of investment proposition for now. Only time will tell if the volatile sector will mature and cryptocurrencies will become a safe store of value like gold is now considered.

Keywords – Coinbase Global Inc., Coinbase Global, Coinbase, COIN, cryptocurrencies, cryptocurrency, blockchain, NasdaqGS, direct listing, public trading, stock, mainstream, high-risk, high-return, store of value, gold.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in COIN.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.

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