Dan DolevSenior Analyst at Mizuho, said that it is more beneficial to own Bitcoin BTC/USD than own shares coin base COIN in the wake of the FTX collapse.

What happened: Dolev spoke with CNBC on How to Survive the Crypto Winter, noting that he would rather stay away from both Bitcoin and Coinbase, but if he had to choose an asset, he would choose Bitcoin.

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He stated, “If you’re bullish on crypto, you’re better off owning Bitcoin than owning Coinbase.”

Dolev was asked by the CNBC host Will Koulouris whether its calculations are based only on estimated volume and trading activity, or whether it also takes into account the potential risk from regulation.

Dolev shared his views on the crypto space, estimating a daily volume of $1.8 billion — or $650 billion per year at the current rate — which is still 30% below consensus estimates.

He noted that it’s all downhill from here and with regulations. “It’s getting worse,” he said, adding that retail investors aren’t coming back, which means yields are falling, and “there’s going to be massive disinterest across the category.”

Price promotion: At the time of writing, Bitcoin was trading at $17,283.63, down 2.10%. COIN has traded at $37.99 over the past 24 hours, down 5.47%. according to Benzinga Pro.

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