Home News Insider’s Are Risking Their Own Loot On The Toss Of A $COIN

Insider’s Are Risking Their Own Loot On The Toss Of A $COIN

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It’s been a rough year for investors in coinbase.

COIN Chart
COIN Chart

The company IPO’d at around $300 and the stock is currently trading around $65.

It looks like Crypto Winter has come… and it might be a long one!

Especially with the Fed reasserting their commitment to taming inflation (read: create a recession that destroys demand).

Risk assets like crypto might not be a good speculation for some time. 

But that’s not stopping some insiders from taking an interest in Coinbase.

Tobias Lutke is on the board of COIN. 

He is the co-founder of Shopify, so he definitely has his finger on the pulse of the e-commerce space.

But since Shopify accepts payment in crypto, he’s got another inside edge…

He can see, in real time, if more retail traffic is going through cryptocurrencies. 

If they are, then that’s a massive tailwind for Coinbase.

Lutke has been scaling in. 

He first started picking up shares at $97, and has a cost basis around $80.

And with the huge spike on the earnings results from last quarter, it’s likely better than a $COIN flip that there’s something here.So how should you play this?

>>> Follow This “Insider Edge” To Bank Massive Gains In Any Market

Original Post Can be Found Here

Author: Steven Place

Steven Place is the Chief Strategist at Market Traders Daily. MTD helps investors and traders identify high-profit setups through world-class analysis and trade alerts.

Steven has been developing trade systems and risk management techniques for a decade now.

Through the use of a select few option strategies, Steven teaches clients how to build aggressive and sustainable wealth in the options market.

He lives on the Gulf Coast of Florida with his wife and daughter.

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