Coinbase的股價會隨著比特幣減半而飆升嗎？

自 2 月 23 日以來，Coinbase Global（NASDAQ：COIN）股價已飆升 68%，與比特幣 37% 的漲幅相呼應。隨著 4 月 17 日比特幣減半日期的臨近，分析師預測 COIN 股票將繼續與比特幣一起上漲。減半事件預計將推動比特幣價格走高，從而增加 Coinbase 的收入和自由現金流。做空溢價較高的短期看跌期權為對 COIN 持續增長充滿信心的投資者提供了一個利潤豐厚的機會，提供了即時收益和大幅收益的潛力。然而，承認所涉及的風險至關重要，因為股票表現的逆轉可能會導致未實現的損失。

Will Coinbase Stock Soar Alongside Bitcoin's Halving?

Coinbase 股票會隨著比特幣減半而飆升嗎？

Coinbase Global (COIN) has enjoyed a remarkable 68% surge since February, mirroring Bitcoin's 37% ascent. With the Bitcoin halving approaching on April 17, is COIN stock poised to extend its upward trajectory?

自 2 月以來，Coinbase Global (COIN) 的股價上漲了 68%，與比特幣 37% 的漲幅相呼應。隨著 4 月 17 日比特幣減半臨近，COIN 股票是否準備延續其上漲軌跡？

Bitcoin Halving: A Catalyst for Price Appreciation?

比特幣減半：價格升值的催化劑？

The impending Bitcoin halving will halve the number of BTC coins miners can generate per hashing attempt. Occurring roughly every four years, analysts predict the next halving on April 17. This event is expected to increase Bitcoin prices due to reduced supply and increased demand for updated mining equipment.

即將到來的比特幣減半將使礦工每次哈希嘗試產生的比特幣數量減半。分析師預測，下一次減半大約每四年發生一次，將於 4 月 17 日發生。由於供應減少和對更新採礦設備的需求增加，預計這一事件將導致比特幣價格上漲。

Coinbase's Quarter: Riding the Cryptocurrency Wave

Coinbase 的季度：駕馭加密貨幣浪潮

Coinbase Global is likely benefiting from increased cryptocurrency trading activity, fueled by the introduction of Bitcoin ETF funds. The question arises: how far can COIN stock climb?

Coinbase Global 可能會受益於比特幣 ETF 基金推出推動的加密貨幣交易活動的增加。問題來了：COIN 股票能上漲多遠？

Valuing COIN: Free Cash Flow Potential

評估 COIN：自由現金流潛力

Analysts forecast significant free cash flow generation for Coinbase, with revenue projections reaching $4.79 billion. This could translate into a substantial increase in cash flow compared to earlier estimates.

分析師預測 Coinbase 將產生大量自由現金流，營收預計將達到 47.9 億美元。與先前的估計相比，這可能意味著現金流量大幅增加。

Using a 1.5% free cash flow yield metric, COIN stock valuation could reach $106.66 billion, implying a price target of $403 per share. This makes shorting near-term put options with their elevated premiums an attractive proposition.

使用 1.5% 的自由現金流收益率指標，COIN 股票估值可能達到 1,066.6 億美元，這意味著每股目標價為 403 美元。這使得做空具有較高溢價的近期看跌期權成為一個有吸引力的提議。

Shorting Put Options: An Immediate Yield

做空賣權：立即收益

Shorting put options offers an immediate yield, especially for out-of-the-money strike prices. For example, a 10% out-of-the-money strike price could yield a 3.25% immediate return. Similar opportunities exist for nearby expiry periods, presenting substantial potential yields.

做空賣權可提供即時收益，特別是對於虛值執行價格而言。例如，10% 的價外執行價可能會產生 3.25% 的即時回報。臨近到期日也存在類似的機會，帶來巨大的潛在利益。

Risks to Consider: Volatility and Market Reversal

需要考慮的風險：波動性和市場逆轉

However, it's essential to acknowledge the risks involved, given the stock's potential volatility. While this strategy can yield significant gains, a reversal in stock performance could lead to unrealized losses.

然而，考慮到股票的潛在波動性，有必要承認所涉及的風險。雖然這種策略可以產生顯著的收益，但股票表現的逆轉可能會導致未實現的損失。

Conclusion: A Calculated Opportunity

結論：一個經過深思熟慮的機會

Shorting put options on COIN stock presents an attractive opportunity for investors confident in the stock's continued ascent. Prudent risk management is crucial to navigate potential market fluctuations and maximize returns.

COIN 股票的賣空選擇權為對該股持續上漲充滿信心的投資者提供了一個有吸引力的機會。審慎的風險管理對於應對潛在的市場波動和最大化回報至關重要。