Coinbase hits $100 billion market cap for first time as bitcoin notches fresh all-time highs
COIN shares have also been added to the S&P 500 index on May 19. As the first pure-play crypto company to be in the benchmark index, analysts have been cheering COIN’s run, with Bernstein recently lifting its price target to $510 and calling Coinbase the “Amazon of crypto financial services.”
Bitwise CIO Matt Hougan previously predicted Coinbase could be a $1 trillion company in the future.
“Pick a company currently valued below $100 billion that has the highest chance of being a $1+ trillion company some day. I’ll start: Coinbase at $61 billion,” Hougan said May 13 in a post on X.
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