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Bitcoin is up a stunning 118% year to date, according to Coin Metrics. When it comes to Coinbase, investors should tread carefully, TradingAnalysis.com founder Todd Gordon told CNBC s Trading Nation on Tuesday. I m a little cautious on this IPO, he said. Because the exchange s bid-ask spreads the difference between what buyers are willing to pay for a given asset and what sellers are willing to accept are so wide, going public could make its lofty valuation a bit of a stretch, he said. Those spreads will come in just like stocks, said Gordon, who owns bitcoin. That s going to help initially, but I think with a valuation of [$]100 billion coming in, it s going to be hard to justify when consumers realize that they want to compress spreads [and] make it more competitive.

Todd gordonSteve chiavaroneFederated hermesடாட் கோர்டந்கூட்டமைப்பு ஹெர்ம்ஸ்