Crypto Drama: MicroStrategy vs Coinbase!

Bitcoin booms, but stocks like MicroStrategy stumble while Coinbase eyes a rally—unpacking risks, rewards, and smart plays in the crypto stock game.

Author

Frank Angus
November 23, 2024

In partnership with

Ever feel like the stock market’s a game of musical chairs, but with Bitcoin playing DJ?

One moment, everyone’s grooving to the beat of record-breaking highs, and the next, chairs are toppling as stocks like MicroStrategy and Coinbase take unexpected tumbles.

Let’s break it down: What’s really going on behind these moves, and is there an opportunity hiding in the chaos?

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MicroStrategy’s Rollercoaster Ride: A Bold Bet or Too Risky?

MicroStrategy Inc. (NASDAQ: MSTR) isn’t just dipping its toes into Bitcoin—it’s cannonballing in.

CEO Michael Saylor turned heads by converting the company’s cash flow into Bitcoin.

It worked like a charm—until it didn’t.

This week, MicroStrategy’s stock plummeted over 18% in a single day, wiping out 25% of its market cap.

MSTR’s Stock Chart from Tradingview

What went wrong?

Investors are now questioning Saylor’s strategy of raising $3 billion to buy Bitcoin at its current all-time highs.

Sounds like buying champagne at a nightclub price, doesn’t it?

The math doesn’t look great either.

Wall Street analysts have slashed their price target to $331.

From today’s price, that’s a potential 14.6% drop—enough to make even the most seasoned investors queasy.

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Coinbase: A Middleman With Muscle

Unlike MicroStrategy, Coinbase (NASDAQ: COIN) doesn’t ride Bitcoin’s coattails—it earns its keep no matter what Bitcoin does.

Up, down, or sideways, traders trade, and Coinbase collects fees.

Needham & Company thinks that’s a winning formula, reiterating a “Buy” rating and bumping its price target to $375.

That’s a juicy 28% potential upside from where it’s trading today.

COIN’s Stock Chart from Tradingview

But wait—there’s more.

Coinbase’s CEO, Brian Armstrong, might snag a role as the U.S. government’s go-to crypto advisor.

Imagine the clout Coinbase would gain in shaping cryptocurrency regulations.

Add in heavyweights like BlackRock launching Bitcoin ETFs, and Coinbase starts looking less like a gamble and more like a calculated play.

Key Takeaway: Two Crypto Stocks, Two Different Stories

MicroStrategy is a wild ride, tethered tightly to Bitcoin’s fortunes but weighed down by high risk.

Coinbase, meanwhile, operates in its own league, thriving on volatility and gaining potential regulatory influence.

The choice is yours: Would you prefer the thrill of MicroStrategy or the steady fees of Coinbase?

Your Turn to Act: What’s Your Next Move?

💡 What’s your take on these two stocks? Are you betting on Bitcoin’s future or banking on Coinbase’s unique role? Share your thoughts in the comments!

💬 Discuss these strategies with fellow investors.

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