Trump’s Crypto Policies May Push Coinbase Shares Above $310

Coinbase’s stock price has received an optimistic price prediction from Bernstein analyst, citing improving crypto regulatory clarity in the world’s largest economy.

Gautam Chhugani, an analyst at global asset management firm Bernstein, initiated coverage of Nasdaq-listed Coinbase (COIN) stock with an “outperform” rating and a price target of over $310.

The analyst expects mainstream cryptocurrency adoption to improve, driven by US President Donald Trump’s administration, which intends to prioritize crypto policy and make the US a global hub for blockchain innovation, according to a Bernstein research note seen by Tipranks.

If Coinbase shares rise to $310, it would represent a more than 64% increase from the current $188, according to Google Finance data.

This bullish price prediction comes just a week after Trump hosted the first White House Crypto Summit on March 7, shortly before signing an executive order that outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases.

COIN May Rise with Crypto Regulation

Coinbase is expected to benefit from the integration of cryptocurrencies into the US financial mainstream, particularly with improving regulations. The firm offers a one-stop platform for many crypto activities, which will help it capitalize on this trend. The research note stated:

“COIN is defined as a crypto exchange, but it actually operates like a universal bank in the world of blockchain-based financial services.”

“COIN combines exchange, brokerage, stablecoin banking, crypto payments, custodial banking, software, and blockchain ecosystem services, making it a ‘Amazon-like‘ crypto financial service platform.”

Crypto regulations are progressing positively, and some analysts view the US Bitcoin reserve plan as a significant step toward integrating Bitcoin into the global financial system.

Joe Burnett from Unchained said, “The US has taken its first real step toward recognizing Bitcoin as a foundational asset for a more stable monetary system.”

While Trump plans to boost crypto innovation in the US, setting up the necessary regulatory frameworks will take time, and determining the “right regulatory tone” will be crucial, according to Anastasija Plotnikova, CEO of Fideum, a regulatory and blockchain infrastructure firm.

This content is not investment advice. Cryptocurrency markets carry high risks, and it is important to conduct your own research before making any investment decisions.

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The post Coinbase Stock Has Potential to Rise to $310 with Crypto Policies appeared first on Coin Engineer.