Managing director of Boost VC, AdamDraper, said during Consensus2023 that crypto exchange coinbase could be 'best investment' over the next five years, for an investor with a longer-term view. Reports BrandyBetz
investor Adam Draper thinks the crypto exchange will be the “best investment” over the next five years as he emphasized the value of a long-term investment strategy.Silicon Valley’s Reckoning
" alongside Jalak Jobanputra, founder of Future Perfect Ventures and Lauren Stephanian, Partner at Pantera Capital. Responding to a question from the moderator, CoinDesk Deputy Managing Editor Tracy Wang, regarding the investment time horizon of a venture capital, Draper said he is a long-term players and still holds most of the investments he has made in crypto.
Draper went on to explain that there is a distinction between a hedge fund and a VC in terms of time horizon of an investment, indicating that hedge funds tend to focus mostly on the short-term trades.“If you are a short-term investor, if you are on Wall Street, you think that last year Coinbase was an awful investment," Draper said.
The shares of Coinbase has fallen about 57% in the last 12-months, but rose about 49% this year, according to TradingView.
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Coinbase Will Be 'Best Investment' Over Next Five Years: Boost VC's Adam DraperManaging director of Boost VC, AdamDraper, said during Consensus2023 that crypto exchange could be 'best investment' over the next five years, for an investor with a longer-term view. reports BrandyBetz
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