Will Clemente Predicts Coinbase (COIN) Stock Could Be Valued at $400 Billion, Implying a Gain of Seven Times From Current Levels

Coinbase is one of the largest centralized crypto exchanges alongside market stakeholders like Binance, Bybit, and Kraken. Despite Coinbase stock (COIN) recording an uptrend since January 2023

Crypto influencer and investor Will Clemente has shared his bold prediction for Coinbase (NASDAQ:COIN) stock, suggesting that it could be valued at an astronomical $400 billion by the end of the crypto cycle. This projection implies a gain of seven times from the current levels, with COIN trading at around $222 on Friday.

Clemente, who is known for his quantitative analysis in the crypto market, shared his price target for Coinbase in a recent Substack post. He highlighted the company’s strong fundamentals and strategic positioning, which he believes could propel the stock to such heights. However, he also acknowledged the role of external factors, particularly U.S. crypto regulations, in determining the ultimate trajectory.

"My price target for Coinbase this cycle is $400 billion market cap or roughly $1,700/share, although I’ll probably be out of my calls before then because of theta decay. Eventually one day COIN will likely become a trillion dollar business if they continue to execute IMO."

Coinbase is set to benefit from regulatory shift

According to Clemente, the potential for Coinbase stock to skyrocket hinges on a drastic shift in U.S. crypto regulations. He noted that without such a development, a more realistic price target for COIN would be in the range of $750 to $1,000. However, the founder of Reflective Research is convinced that the change will unfold on Capitol Hill.

Coinbase is poised to reap the benefits of being America’s leading centralized crypto exchange, especially if the U.S. government continues to use the platform as its preferred digital asset brokerage service. The company’s footprint in the Web3 space is further expanding with Base, an Ethereum L2 scaling solution, making Coinbase the first publicly traded company to run its own blockchain network.

With Base, Coinbase Wallet, and Circle’s USDC woven into the fabric of the company’s ecosystem, and considering the potential stablecoin policies on the horizon, Coinbase may find itself at the heart of crypto’s mass adoption. The ultimate price trajectory of COIN could be influenced by who occupies the White House in 2025: a Democrat like President Biden, whose administration has taken a cautious approach to crypto, or a Republican like Trump, who has positioned himself as the pro-crypto candidate.

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