Coinbase (COIN) stock could see a significant 64% surge as former U.S. President Donald Trump’s pro-crypto stance gains traction, according to analysts at Bernstein. The investment firm believes that a potential Trump re-election and a more favorable regulatory environment could drive increased institutional adoption, benefiting major crypto firms like Coinbase.
Analysts point to the growing alignment between Trump’s campaign and the digital asset industry, suggesting that a shift in U.S. regulatory policy could remove obstacles currently restricting crypto growth. With Coinbase positioned as a leading exchange in the U.S., a regulatory shift could unlock new revenue streams, boosting investor confidence.
Additionally, Bernstein highlights the potential impact of institutional demand for Bitcoin and other digital assets, particularly as interest in spot Bitcoin ETFs continues to rise. A more crypto-friendly administration could further accelerate this trend, reinforcing Coinbase’s market dominance.
While regulatory uncertainty remains a key factor, the report suggests that a shift in political leadership could significantly alter the trajectory of the crypto industry. Investors are closely watching how upcoming election developments might shape Coinbase’s stock performance in the months ahead.
