Don't Fade This Stock's 400% 2023 Increase.
Here are my reasons for dramatically increasing my holdings in one of 2023's best-performing large-cap stocks. Fade at your own risk.
Last week, I demoed the Apple Vision Pro. It was a mind-blowing experience, and I do not doubt that in 5–10 years, people will spend hours daily living in a crossover of physical and digital reality. If you haven't had a chance to try them out and live in the US, you should. It's a revolutionary device, and once they come out with a sub-$1000 version, you can bet that I will be one of the first people to buy it.
As much as I want to buy Apple stock, it already sports a hefty $2.8T market cap. Their Apple Vision Pro device will undoubtedly help lift that number, but I'm unsure how many multiples it can/will climb. On the other hand, I've identified another revolutionary company that can climb many multiples in the next two years.
This company increased its market cap by 4x (from $10B to $40B)in 2023, much to the disdain of most Wall Street analysts, who were all on the wrong side. However, based on the investor letter I read and analyzed, I am incredibly bullish about Coinbase (COIN) going into 2024 and wouldn't be surprised if it did another 4x in 2024.
