MicroStrategy is a 'Stronger Bet' Than Coinbase: Analyst
2022 was quite a rough year for the crypto market and the macro-economy as a whole. Investors were burdened by inflation and the back-to-back interest rate hikes. With caution being exercised by a majority of participants in the midst of uncertainty, trading and investing volumes hovered around lows. Most stocks like Coinbase struggled to improve their valuation. However, MicroStrategy remained an exception. On the yearly front, MSTR is up by 36.4%, while COIN is down by 10.6%. Owing to the macro bear run, both the stocks are significantly down when compared to the levels where they were trading in mid-April 2021. Coinbase is down by more than 86%. MicroStrategy has, however, been able to limit its losses to 68%. Coinbase stock, MicroStrategy stock by TradingView Also Read: SEC Sends Coinbase Wells Notice, Warns of Potential Securities Charges At the moment, there’s a lot of legal drama involving Coinbase. Last month, the exchange sued the SEC, seeking regulatory clari...