Boost VC’s Adam Draper predicts Coinbase as top investment for next 5 years

In the Brief:

  • Adam Draper predicts Coinbase will be the best investment over the next five years.
  • He advocates for a long-term investment strategy and explains the difference between a hedge fund and a VC.
  • Draper sold half of his Decentraland investment and still holds most of his crypto investments.
  • Coinbase shares have fallen 57% in the last 12 months but rose 49% this year.

2 - 4 minute read

AUSTIN, Texas – Boost VC’s managing partner and early Coinbase investor, Adam Draper, shared his thoughts on the future of the crypto exchange at CoinDesk’s Consensus 2023 conference. Draper believes that Coinbase will be the “best investment” over the next five years and emphasized the value of long-term investment strategies.

Draper was joined on the panel, “Silicon Valley’s Reckoning,” by Jalak Jobanputra, founder of Future Perfect Ventures, and Lauren Stephanian, partner at Pantera Capital. When asked about the time horizon of a venture capital investment, Draper stated that he is a long-term player who holds most of his investments in crypto. He highlighted the difference between a hedge fund and a VC in terms of the time horizon, with hedge funds focusing mainly on short-term trades.

“If you are a short-term investor, if you are on Wall Street, you think that last year Coinbase was an awful investment,” Draper said. “And I would argue that over the next five years, it’s going to be the best investment.” He acknowledged that emotionally, many people may not want to invest in Coinbase right now, but he believes that it will pay off in the long run.

Draper did reveal that he sold half of his Decentraland (MANA) investment during the 2020-21 bull market peak when the token was trading at over $5. Currently, it is trading at approximately $0.56, according to CoinDesk data.

Despite Coinbase’s shares falling by 57% over the past year, they have risen by 49% this year, according to TradingView.

The Bottom Line

Adam Draper, managing partner of Boost VC and early Coinbase investor, believes that Coinbase will be the “best investment” over the next five years. Although the market is currently volatile, Draper emphasizes the value of a long-term investment strategy. Traders should consider the potential risks and opportunities associated with investing in Coinbase, taking into account the volatility and unpredictability of the crypto market.

Disclaimer: The content in this article is provided for informational purposes only and should not be considered as financial or trading advice. We are not financial advisors, and trading carries high risk. Always consult a professional financial advisor before making any investment decisions.

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