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Can COIN recover?

COIN is on an ATL and the whole posse with Celsius and now FTX takes a lot of trust from CEX and generally from the whole crypto space.
However, in stocks, and even more in crypto, decisions are taken emotionally.

We are in a full blown bear market and nobody knows when this journey is going up again. It could be that in 6 months we are again in the greens or this can go on for another 12-18 months.

Now, COIN is directly linked to the crypto space. And even if the stock market bounces back, it doesnt mean that the crypto market does the same.

My thesis is that the stock market recovers before the crypto does. But, and here comes the bet, once we are again in a bull market within the crypto space, COIN will flourish again as the most trustworthy CEX in the space. Everybody and their aunt is going to buy again shitcoins and will do it with COIN, since nobody wants to see another mess like with FTX.

The question is if COIN reached bottom and the follow up would be: When does crypto see another bull?

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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