Analysts foresee significant growth for Coinbase stock following President Trump's executive order aimed at advancing the crypto industry.
Coinbase Stock and Trump's Executive Order
Coinbase CEO Brian Armstrong praised President Trump’s approach as it re-aligns focus on crypto growth. As a result, Coinbase shares closed at $188.96 on March 18, 2025, with Bernstein setting a $310 target. Trump's new order aims to make the U.S. a leader in digital financial technology by establishing a Strategic Bitcoin Reserve.
Impact of Executive Order on the Crypto Market
The executive order led to a 64% improvement in Coinbase stock outlook, though concerns over favoritism and market impact remain. Financial changes include creating a Strategic Bitcoin Reserve, suggesting market volatility with analysts predicting a possible $200,000 bitcoin cycle peak.
Shift from Biden's Policies
The shift from Biden's restrictive crypto policies to Trump's pro-crypto order aims to strengthen U.S. leadership in crypto. Gautam Chhugani of Bernstein noted that Trump's policies benefit Coinbase's continued dominance.
Experts suggest the U.S. could become a global crypto player, with bitcoin entering a prolonged bull cycle into 2026.
