Coinbase Stock Will Ride the Bitcoin and Stablecoin Explosion

Source The Motley Fool

Coinbase (NASDAQ: COIN) is set to have another great quarter in Q4 2024, and that should continue into 2025 as the stablecoin USDC grows and the company benefits from higher trading momentum for everything from altcoins to meme coins. In this video, Travis Hoium explains why this is a company that will benefit from that short-term momentum while also building the infrastructure needed to make the blockchain scalable long term.

*Stock prices used were end-of-day prices of Jan. 18, 2025. The video was published on Jan. 22, 2025.

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Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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