COIN: Coinbase vs. Bitcoin Correlation

The thesis is simple: Coinbase is the shovel to Bitcoin's gold-rush.

• Bitcoin has arrived in the investment industry.
  
• Lower Bitcoin prices spur sidelined investor interest.
  
• Coinbase is the only platform sidelined investors have to acquire Bitcoin.
  
• Winner take most world.
  

Stocks with the same business model: MSCI , SPGI , CME