Raoul Pal: Coinbase stock could surge tenfold
Key Takeaways
- Raoul Pal, an experienced macro strategist, predicts a potential 10x increase in Coinbase stock.
- He sees growth driven by the crypto market and political support in the U.S.
- Coinbase could benefit from a total market value of $10 to $15 trillion USD.
- Political support for cryptocurrencies, especially from pro-crypto candidates, could further bolster Coinbase.
- Despite legal challenges, Pal remains optimistic about Coinbase’s future.
Raoul Pal Sees Huge Potential for Coinbase
Raoul Pal, a renowned macro strategist, recently shared his outlook on the future of Coinbase in a video on Real Vision’s YouTube channel. He views the stock of the U.S.-based crypto exchange as significantly undervalued and believes it could rise tenfold in the next market phase. This assessment is based on the assumption that the overall crypto market could reach a value of $10 to $15 trillion USD.
A Growing Market as a Driver
Pal believes that the entire crypto market will grow significantly in the coming years. He estimates that the market value could rise to as much as $15 trillion USD. In this scenario, Coinbase, which currently has a market capitalization of $81.17 billion USD, could greatly benefit. Pal explains, “If the overall market grows fivefold, Coinbase could even increase tenfold.”
Political Support as a Catalyst
Another key factor for Coinbase’s growth, according to Pal, is political support for cryptocurrencies in the U.S. He points to recent election results where pro-crypto candidates, including Donald Trump, saw success. Coinbase has invested millions through its political action group “Fairshake” to support such candidates. This could help create a favorable regulatory environment for cryptocurrencies, which would benefit companies like Coinbase.
Legal Challenges Remain
Despite the positive outlook, Coinbase still faces legal challenges. The U.S. Securities and Exchange Commission (SEC) has filed charges against the company, accusing it of selling unregistered securities. However, Raoul Pal remains optimistic, believing that Coinbase is well-positioned in the long term to overcome these hurdles.
Coinbase as an Alternative for Investors
For investors who do not want to invest directly in cryptocurrencies, Pal sees Coinbase as an attractive alternative. “If people don’t want to trade cryptocurrencies directly, Coinbase is an excellent choice,” he emphasizes. The stock offers a way to benefit from the growth of the crypto market without having to invest directly in volatile digital assets.
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Our Assessment
Raoul Pal’s outlook for Coinbase is based on an optimistic view of the crypto market and the political landscape in the U.S. While legal challenges remain, the growing acceptance of cryptocurrencies and support from pro-crypto politicians could put Coinbase in a strong position. For investors looking for indirect exposure to the crypto market, Coinbase could be an interesting option. However, it remains to be seen how the legal disputes will unfold and whether the crypto market will achieve the projected growth.
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