Balaji Srinivasan’s Prediction On China’s Role in Crypto Crash and His Top 5 Investments

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1. Coinbase Global, Inc. (NASDAQ: COIN)

Coinbase Global, Inc. (NASDAQ: COIN) is a Wilmington-based cryptocurrency exchange platform founded in 2012. It is ranked first on our list of top 10 investments of Balaji Srinivasan. Srinivasan has served as the Chief Technology Officer of Coinbase, a position he left in May 2019, more than a year before the company went public and was valued at over $86 billion on the first day of trading. Coinbase is the biggest global crypto exchange platform and operates in more than 100 countries.

On May 19, investment advisory Wedbush picked up coverage on Coinbase Global, Inc. (NASDAQ: COIN) stock with an Outperform rating and a price target of $275. Wedbush analyst Moshe Katri said the rising mix of institutional trading volumes was reducing volatility in overall trading revenue for the firm. 

Several hedge funds have been revealed to have holdings in crypto assets like Coinbase Global, Inc. (NASDAQ: COIN) in recent months, including New York-based investment firm ARK Investment Management, which on May 19 picked up 133,848 shares of the firm for the ARK Innovation ETF and 35,382 shares for the ARK Next Generation Internet ETF. 

You can also take a peek at 10 Best Active Stocks to Buy Now and 10 Best Staffing Company Stocks to Buy.

 

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