EddieJayonCrypto

 12 Dec 24

tl;dr

Crypto asset manager Bitwise predicts that Coinbase, a US-based crypto exchange, will surpass Charles Schwab to become the world's most valuable brokerage by 2025. They forecast Coinbase's stock to reach $700, citing its stablecoin business, Ethereum scaling solution, and staking/custody services as...

Bitwise predicts that Coinbase (COIN) stock will surpass Charles Schwab and reach $700 by 2025, driven by its stablecoin business, Ethereum scaling solution, and staking/custody services. In the past year, Coinbase's stablecoin business surged by $162 million, its blockchain generated significant revenue, and its staking and custody services saw a 106% increase in revenue.

Bitwise also forecasts Bitcoin (BTC) to reach $200,000 and Ethereum (ETH) to hit $7,000 by next year. Currently, Coinbase's stock (COIN) is trading at $317, reflecting a 4.8% gain in the last 24 hours.

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