Friday, February 23, 2024
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Coinbase (COIN) to Face ‘Reality Check’ as Retail Investors’ FOMO Is Fading, Mizuho Says

Mizuho says this indicates potential fatigue among retail customers, and in contrast to previous cycles, fear-of-missing-out no longer “entices investors to trade bitcoin when prices rise,” as it did in prior years. “This could prove problematic for COIN, as it generates around 95% of its transaction revenue from retail trades,”

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