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Kyle Reidhead | Milk Road
@KyleReidhead
Analyst & CEO at @milkroaddaily @milkroadai | Helping everyday investors catch technological trends early | Go PRO to track my real-time portfolio below:
Joined September 2020
1.9K Following    20.6K Followers
$COIN is up 30% this week, while $BTC is up 22% Even $ETH is only up 27% in the same time frame Most people don't realize that Coinbase continues to be the BEST way to invest in crypto It outperformed $ETH by 3x last bull market and $BTC by 2x Coinbase has the benefit of price speculation from Bitcoin and Ethereum, but it also limits the downside with diversified revenue streams and diversified exposure across the ecosystem Some of these revenue streams are not as impacted by crypto prices: like stablecoins, stock trading, prediction markets and more The last few years Coinbase has worked extremely hard to build out these new revenue streams that put Coinbase into a strong position to perform extremely well during bull markets and create a floor during bear markets Coinbase is also a diversified bet on the crypto ecosystem at large: - they have plenty of exposure to Bitcoin through their balance sheet and custodial operations - they have exposure to ETH through their balance sheet, custodial operations and Base, which is built on Ethereum - they have exposure to Hyperliquid, managing their USDC treasury - they have exposure to DeFi, integrating multiple applications into their application and built on top of Base - they have exposure to Solana, as they have been building and integrating across that ecosystem too - they have exposure to Stablecoins, with a large ownership in Circle and involvement in the OpenUSD stablecoin And then they have a huge venture arm across the entire industry too. If you want to bet on crypto, Coinbase is the easiest way to get access to everything that matters Of course, there are things that make it different from simply holding Bitcoin or ETH, like the fact that you can't self-custody it or that there is execution risk from the team But if you believe in Brian Armstrong, who I think is THE BEST entrepreneur in crypto, then you can sleep well at night holding his company and believing in their teams ability to execute and navigate changing regulations Coinbase has long been one of my portfolios largest positions. I first bought it at $35, near the lows of the last bear market and I continue to be as bullish as ever on the company. $COIN is one of the many ways I have exposure to crypto and the onchain finance revolution You can track my entire portfolio inside of Milk Road PRO, where we have 5 top-tier analysts sharing their real-time portfolios and market research. We're about to increase the price of the membership on Aug 26, but if you sign up today you can lock in current prices for life. Learn more here: For more insights on markets, make sure to give me a follow @kylereidhead
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