If You’d Dropped $1,000 on CB Three Years Back, Here’s What You’d Be Sitting On Now

Coinbase's rollercoaster ride—from peak euphoria to crypto winter and back again—just handed early believers a masterclass in volatility payoff.

Timing the Tides

Buying during the 2022 bloodbath versus chasing the 2021 mania produced wildly different outcomes—we're talking life-changing versus 'maybe I should've just bought Bitcoin'.

The Regulatory Gauntlet

SEC battles, banking partner dramas, and enough legal scrutiny to make traditional finance brokers sweat—somehow CB emerged leaner and meaner.

Institutional Wave

BlackRock's ETF embrace didn't just validate crypto—it handed Coinbase the keys to Wall Street's back office while legacy exchanges were still figuring out blockchain basics.

The Bottom Line

Turns out betting on the regulated gateway during crypto's awkward adolescence beats chasing shitcoins—who knew? Sometimes the boring trade is the brilliant one.

40%-plus gain

A $1,000 outlay on Chubb stock made at this point in 2022 WOULD be worth $1,428 right now (accounting for both share price appreciation and dividend payments). That's a bit below the $1,516 that an investment into theindex would have reaped.

Image source: Getty Images.

Prior to this year, Chubb had tended to outpace that stock market benchmark a bit; a reliable quarterly payout and constant profitability have a tendency to do that.

Early this year, however, several factors combined to drive investors from safety stocks like Chubb into riskier plays.

Out of fashion

A thriving stock market, which was in evidence at the end of the first quarter, made investors hungry for the higher returns riskier assets (like cryptocurrencies) might provide. The trade war seemed to be ebbing, with the TRUMP administration backing off from, or delaying, certain levies on foreign exporters.

Chubb is many things, but a volatile, high-risk equity play it is not. It hasn't fully recovered since the defensive stock exodus.

This leaves it something of a bargain, in my view. Its forward P/E now lies under 13, which is slim for a company with high net margins, and good trailing and anticipated revenue growth rates (projected to rise by over 4% in full-year 2025, according to the consensus analyst estimate). While Chubb isn't the most thrilling investment, it's a reliable and productive one, and to me, that makes it a buy.