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No one trades shitcoins on coinbase anymore and while they have massive amounts of bitcoin they are custodying for ETFs and corporations that is a very low margin business. They are trading at 13.5x sales and 70x earnings.
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No one trades shitcoins on coinbase anymore and while they have massive amounts of bitcoin they are custodying for ETFs and corporations that is a very low margin business. They are trading at 13.5x sales and 70x earnings.
Why?