Cryptocurrency analyst Will Clemente believes Coinbase stock will be the viable option for many TradFi investors to choose after Bitcoin.
Correction: This article was corrected on Dec. 22 to reflect that it was Will Clemente who suggested Coinbase shares will likely serve as an “index play” for traditional finance firms, not Blockware’s Mitchell Askew.
Coinbase shares could serve as an “index play” for traditional finance firms looking for a way to gain broad exposure into the cryptocurrency sector, says Reflexivity Research co-founder Will Clemente.
“I think TradFi will probably view COIN [Coinbase] as kind of an index play on crypto because they have so many different kinds of verticals now,” Clemente said in a Dec. 21 Space on X (formerly Twitter) hosted by Bitcoin (BTC) bull Anthony Pompliano.
