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Coinbase started with buy rating at Rosenblatt, despite downside risk from a bitcoin pullback

April 21, 2021
Sean Horgan

Coinbase is a long-term buying opportunity despite near-term volatility in the price of cryptocurrency as a growing number of institutions like PayPal adopt new digital coins, Rosenblatt Securities told clients.

“Crypto has reached an inflection point on its road to legitimacy, and we see this as a long-term disruptive trend that is only in its early innings,” analyst Sean Horgan wrote in a note published Tuesday.

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