Is Coinbase Global (COIN) the Best Crypto Stock to Buy?

We recently published Top 10 Trending Stock Ratings and Calls as Tom Lee Says Latest Selloff is a Buying Opportunity. Coinbase Global Inc (NASDAQ:COIN) is one of the top trending stock ratings and calls.

Tim Seymour, the founder and Chief Investment Officer of Seymour Asset Management, said in a recent program on CNBC that he likes Coinbase Global Inc (NASDAQ:COIN). Here is how the analyst made the case for the crypto stock:

“Coinbase Global Inc (NASDAQ:COIN) is certainly in line with the move we have seen in digital assets and all the craziness in that corner of the digital market. To me, Coinbase Global Inc (NASDAQ:COIN) is a combination of the flywheel between the trading business and the platform that allows people to access TradeFi, along with all the dynamics that form the infrastructure of where this market is going. They are not going to become obsolete because people will trade elsewhere. They are making substantial investments into this, and I think they will remain a key player.”

“Conversely, an underweight in Coinbase Global, Inc. (NASDAQ:COIN), a position that was not in the portfolio at the start of Q2 but which we added during the quarter, was the largest relative detractor. In May, the U.S. Senate introduced the GENIUS Act, which aims to create a regulatory framework for ensuring the stability of digital assets. The potential for regulatory clarity in the cryptocurrency industry – along with sharply rising prices for bitcoin – helped Coinbase Global’s stock gain 104% the past three months.”

While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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.