Can This Leading Digital Platform Reach the Stars?

Editor’s Note

Did You Miss This? Yesterday’s broadcast of Liberty through Wealth experienced a technical error that we’ve now addressed. We featured an exclusive video between Alexander Green and Chief Income Strategist Marc Lichtenfeld where the two discuss how investors can mitigate risk in times of uncertainty.

The information Marc and Alex share is so valuable to investors given the current state of the market that we want to make sure our readers don’t miss it. If you were unable to access the video, go here now.

– Madeline St.Clair, Assistant Managing Editor

In my Buy or Bye? series, I take a popular stock, strip away all the hype, and let you know whether you should buy now, buy later or buy never.

Today’s video showcases a crucial player in the digital currency space.

The company has a broad customer base of 89 million retail consumers, 11,000 institutional consumers and 210,000 other users. That gives the platform of this pioneer in the cryptocurrency space a whopping 11.5% share of total crypto market capitalization.

And 2021 was a stellar year for this stock as it pulled in $7.8 billion in revenue – up an eye-popping 514% compared with revenue the year before. Its net income skyrocketed 1,000% to $3.6 billion.

A recent executive order signed by President Joe Biden – meant to position the U.S. as a leading player in the innovation and governance of digital currencies – sent this stock soaring.

After jumping 11% in one day after Biden signed the new order, this digital currency platform finds itself in a unique position.

Check out what The Wall Street Journal has to say…

But everything isn’t rosy for this company. The U.S. Securities and Exchange Commission (SEC) alleged the company would violate securities laws with its new retail lending product.

The SEC threatened legal action over the retail product that would offer users interest payments on their crypto holdings.

CNBC has the scoop…

Apart from its legal drama, the company is also down 60% since its recent high in November 2021.

But could the shift toward “regulated” currencies send this stock to the moon?

Or does it come with too much risk in this uncertain environment, keeping the stock anchored to Earth?

Good investing,

Nicholas