The expected big crypto run should lift Strategy as well. x.com 

Coinbase should recover into a more diversified business when bitcoin recovers, yet it trades as if its only product broke. In nine months it added zero-commission stock trading, prediction markets at $100M annualized revenue, stock and pre-IPO perps, and derivatives at $200M annualized, and it receives about 50% of USDC economics. Bitcoin near $64K sits below its ~$87K mining cost, historically a buy signal. At 6-7x sales versus Robinhood's 18.6x, the risk/reward is favorable. x.com 

Coinbase is a bubbly stock priced as a proxy for crypto trading, yet experienced crypto users leave it for better exchanges. It works for beginners, where it can take advantage of unknowledgeable investors, but more than a decade of crypto use shows Coinbase gets replaced as soon as users find something better. x.com 

Bitcoin outperformance could lift Coinbase, Robinhood and Securitize as the new financial system reaches an inflection point. JPMorgan Asset Management projects bitcoin returns ahead of US equities, gold, REITs and bonds over the next decade; if that plays out, watch what happens to these equities. x.com 

Strategy might be undervalued because it holds far more Bitcoin than the first time its stock traded at the same price. At $140.51 today, it holds 848,517 BTC, versus 193,000 BTC the first time shares reached $140.51. x.com  x.com 

Strategy runs a Ponzi-like loop: new capital buys bitcoin, which lifts the stock and attracts more capital, while the business makes almost no organic cash flow and collapses without constant raising. It trades at a big premium to NAV, effectively selling $1 of bitcoin for $1.50, lost $12.5B in Q1 2026, and has now sold bitcoin for the first time since 2022 despite Michael Saylor's vow never to sell. Owning bitcoin itself makes more sense than owning Strategy. x.com  x.com 

Coinbase and Strategy amplify every move bitcoin and Ethereum make, making them the most asymmetric way to buy the crypto crash while the crowd sells. Their Wave 3 targets are $676 for Coinbase and $952 for Strategy. x.com 

Crypto's maturation, alongside monetary debasement, should keep the revenue-generating and store-of-value portfolio barbell outperforming. These are its two primary drivers. x.com 

Strategy's share price is a bet on the next buyer, not on anything that produces cash. It filed a $20.8B net loss for the first half of 2026, an accounting fact about bitcoin's price, yet the stock rose this month. Neither produces a dollar, so investors are pricing a chain of strangers. x.com 

Bitcoin, Ethereum, Strategy and Coinbase offer better risk/reward than 2026's mega IPOs. SpaceX, Anthropic and OpenAI are already valued at hundreds of billions to trillions, so their listings may become a chance for early investors to dump, with lock-up pressure adding risk. Bitcoin and Ethereum are the core assets, Strategy offers leveraged bitcoin exposure, and Coinbase is the institutional crypto gateway, all with better liquidity. x.com