Crypto investor Will Clemente has forecasted that Coinbase stock (COIN) could reach a valuation of $400 billion, suggesting a potential sevenfold increase from its current price levels.
Coinbase, a dominant player among centralized crypto exchanges alongside Binance, Bybit, and Kraken, has seen its stock rise since January 2023. Despite this uptrend, COIN remains over 30% below its post-IPO trading price. Presently, COIN trades around $222, and Clemente believes it could soar to $1,700 by the end of the crypto cycle.
Drivers Behind Coinbase’s Potential Surge
Clemente attributes the possible escalation in Coinbase’s stock price to a significant shift in U.S. regulatory policies. He noted, “Without that, $750-$1,000 seems more reasonable,” but maintains optimism that such regulatory changes will materialize in Capitol Hill.
Should this regulatory environment evolve favorably, Coinbase is poised to solidify its position as the premier crypto exchange in the U.S. This is bolstered by government preference, as the U.S. government already uses Coinbase as its primary digital asset brokerage service.
Coinbase’s innovation extends to its Ethereum-based layer-2 scaling solution, Base, making it the first publicly traded company to operate its blockchain network. The integration of Base, Coinbase Wallet, and Circle’s USDC token, combined with potential stablecoin regulations, places Coinbase at a strategic advantage for leading crypto adoption.
The outcome of the 2025 U.S. presidential election may also influence Coinbase’s trajectory. The current administration under President Joe Biden has taken a cautious approach to crypto, while leading Republican candidate Donald Trump has positioned himself as a pro-crypto advocate. The political landscape could significantly impact regulatory developments and, consequently, Coinbase’s market position.