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Coinbase: ‘This business will be commoditized,’ New Constructs CEO argues

davfordavfor
in Other Investing
David Trainer looks at Coinbase and other similar investments the way this skeptic still does......
Coinbase (COIN), the largest cryptocurrency exchange in the U.S., could see profits come under pressure as more companies embrace blockchain and competition in the exchange space increases, according to at least one strategist.

"This business will be commoditized," David Trainer, CEO of the research firm New Constructs, told Yahoo Finance on Friday.

"You don't make a lot of money trading things," Trainer said.

..."firms like Coinbase are kind of tricking you into thinking, oh, because we're blockchain, we're going to be real profitable," he said. "Well, the real truth about blockchain is that companies are going to be less profitable."
Coinbase
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