Yes, if you are an investor that loves investing in the stock market. This is a good time to buy the Coinbase stock inside the stock exchange market. We are going to see the Coinbase stock price go high soon, and this is because all those ETF that were approved by the SEC cannot hold the bitcoin. Since the SEC said if an investor invest x amount of Bitcoin in any ETF the ETF should be able to hold exactly x amount in a secured wallet for the investor.
However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.
What are thoughts as well?
This idea is about 6 months late to the party, as with most speculators. Coinbase was at the floor back then, but now it is just as high and as volatile as bitcoin. If you want to invest in something right now, because crypto seems to be on a high, then you might as well go directly to the source instead of adding a middleman in between that is going to sap out some of the profit. Coinbase was definitely worth a punt a year ago, but nobody could have known that bitcoin would make the resurgence that it has - but you would have made more money from buying this stock at the time. This is all in hindsight now and there is no special value in this company at the current price, so it's an old news story and a poor investment plan.