We recently published
Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently discussed.
Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange that has managed to command a dominant position in the hot Bitcoin market. The firm’s shares have gained 54% year-to-date, particularly due to the Trump administration’s focus on the cryptocurrency market. Over the past month, Coinbase Global, Inc. (NASDAQ:COIN)’s stock has gained 56% as the firm benefits from record-setting Bitcoin prices and legislation surrounding stablecoins. Cramer discussed Coinbase Global, Inc. (NASDAQ:COIN)’s market share and stablecoins:
“[On stablecoins and market share] This is about market share. And the race to have market share. And why is Coinbase at the price that it’s at? Well because they play the game. And when I say play the game, they’re now in the place that you think, oh I should be with Coinbase. They think it’s great.”
A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions.
Previously, the CNBC host commented on Coinbase Global, Inc. (NASDAQ:COIN)’s resilience in the stock market:
“Next, Coinbase. Alright, the cryptocurrency stocks, they just never want to quit. And this is a group that matters, even if older portfolio managers don’t care [and] look the other way. I think this one’s going higher, to who knows where.”
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at
Insider Monkey.
