Jim Cramer on Coinbase Global: "What I Would Suggest You Do Is Just Buy Bitcoin, It's Cleaner"

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks on which Jim Cramer expressed his thoughts. Answering a caller’s query about the stock, Cramer said:

Well, I’ll tell you, I think that it, a lot of people just think it’s a play on Bitcoin. And what I would suggest you do is just buy Bitcoin. It’s cleaner. It has less to do with whether there’s competition, say from BlackRock or from Fidelity. So just go with Bitcoin. That’s the way to go.

Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. Cramer was bearish on the stock during the February 6 episode as he commented:

I mentioned how Robinhood may just be a proxy for Bitcoin just now. What does that say about Coinbase now that the major cryptocurrencies are everywhere? I gotta tell you, I don’t want to touch this one.

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