‘I’ve never been more bearish on Coinbase’

Coinbase (COIN) shares tumbled to a record low on Wednesday following a weaker-than-expected earnings report and broader crypto sell-off.

“I’ve never been more bearish on Coinbase than we are today,” Dan Dolev, senior analyst of fintech equity research at Mizuho, told Yahoo Finance Live (video above). “There are two scenarios here: a mild [crypto] winter — which I would put the probability on that at less than 50% — and some sort of crypto ice age. I think if we get to a crypto…

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