Thank Bitcoin for Making This Stock So Cheap in 2022

The recent sell-off in the stock market hasn't spared crypto; Bitcoin is barely up over the past year and down almost 60% from its all-time high. Shares of cryptocurrency technology company Coinbase Global (NASDAQ: COIN) are facing a similar struggle, down roughly the same amount.

Bitcoin and Coinbase tend to trade together, so the recent slide could be a great opportunity for investors to consider Coinbase as a long-term holding. Here's why.

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Source Fool.com