Reported 17 days ago
Coinbase (NASDAQ: COIN) shares soared 39.8% this week, largely due to the election of Donald Trump, who has shown increasing support for cryptocurrency, particularly Bitcoin. Trump's pro-crypto stance, including plans for a U.S. Bitcoin reserve, has generated optimism in the market, leading to increased trading activity and speculation on crypto prices. However, despite the surge, Coinbase's valuation remains high and its earnings highly unpredictable, making it a speculative investment.
Source: YAHOO