Coinbase的股价会随着比特币减半而飙升吗？

自 2 月 23 日以来，Coinbase Global（纳斯达克股票代码：COIN）股价已飙升 68%，与比特币 37% 的涨幅相呼应。随着 4 月 17 日比特币减半日期的临近，分析师预测 COIN 股票将继续与比特币一起上涨。减半事件预计将推动比特币价格走高，从而增加 Coinbase 的收入和自由现金流。做空溢价较高的短期看跌期权为对 COIN 持续增长充满信心的投资者提供了一个利润丰厚的机会，提供了即时收益和大幅收益的潜力。然而，承认所涉及的风险至关重要，因为股票表现的逆转可能会导致未实现的损失。

Will Coinbase Stock Soar Alongside Bitcoin's Halving?

Coinbase 股票会随着比特币减半而飙升吗？

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 月份以来，Coinbase Global (COIN) 的股价上涨了 68%，与比特币 37% 的涨幅相呼应。随着 4 月 17 日比特币减半临近，COIN 股票是否准备延续其上涨轨迹？

Bitcoin Halving: A Catalyst for Price Appreciation?

比特币减半：价格升值的催化剂？

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.

即将到来的比特币减半将使矿工每次哈希尝试生成的比特币数量减半。分析师预测，下一次减半大约每四年发生一次，将于 4 月 17 日发生。由于供应减少和对更新采矿设备的需求增加，预计这一事件将导致比特币价格上涨。

Coinbase's Quarter: Riding the Cryptocurrency Wave

Coinbase 的季度：驾驭加密货币浪潮

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 可能会受益于比特币 ETF 基金推出推动的加密货币交易活动的增加。问题来了：COIN 股票能上涨多远？

Valuing COIN: Free Cash Flow Potential

评估 COIN：自由现金流潜力

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.

分析师预测 Coinbase 将产生大量自由现金流，收入预计将达到 47.9 亿美元。与之前的估计相比，这可能意味着现金流量大幅增加。

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% 的自由现金流收益率指标，COIN 股票估值可能达到 1066.6 亿美元，这意味着每股目标价格为 403 美元。这使得做空具有较高溢价的近期看跌期权成为一个有吸引力的提议。

Shorting Put Options: An Immediate Yield

做空看跌期权：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.

做空看跌期权可提供即时收益，特别是对于虚值执行价格而言。例如，10% 的价外执行价可能会产生 3.25% 的即时回报。临近到期日也存在类似的机会，带来巨大的潜在收益。

Risks to Consider: Volatility and Market Reversal

需要考虑的风险：波动性和市场逆转

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，考虑到股票的潜在波动性，有必要承认所涉及的风险。虽然这种策略可以产生显着的收益，但股票表现的逆转可能会导致未实现的损失。

Conclusion: A Calculated Opportunity

结论：一个经过深思熟虑的机会

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 股票的卖空期权为对该股持续上涨充满信心的投资者提供了一个有吸引力的机会。审慎的风险管理对于应对潜在的市场波动和最大化回报至关重要。