An analyst from banking giant JPMorgan is reportedly optimistic that the crypto industry will continue to grow this year and that Coinbase will largely benefit from it.
In a note to clients, equity research analyst Kenneth Worthington predicts that crypto will become increasingly relevant to financial services in 2022.
The analyst tells investors that the applications from crypto have only started to emerge. He says that use cases will continue to grow and new projects with crypto applications will appear.
“As financial analysts, we are most excited about the implications for financial services and see the tokenization and fractionalization as holding particularly large promise as transactions speeds in crypto become more competitive with trad-fi networks.”
Worthington also gives the green light to Coinbase’s stock COIN.