"Crypto Surge: Trump's Re-election Boosts Bitcoin, Coinbase, Riot, and MicroStrategy"

Coin WorldSaturday, Feb 1, 2025 7:29 pm ET

1min read

The re-election of Donald Trump as the President of the United States has sparked a renewed interest in the crypto market, with Bitcoin (BTC-USD) and other cryptocurrencies surging in anticipation of favorable policies. Despite a brief market shakeup caused by the DeepSeek shock, Bitcoin has demonstrated resilience by bouncing back above the $100,000 level. In this favorable backdrop, we've compared Coinbase Global (COIN), Riot Platforms (RIOT), and MicroStrategy (MSTR) to determine the best crypto stock pick according to analysts.

Coinbase Global Inc. (NASDAQ:COIN) has seen its shares rally by approximately 123% over the past year, driven by the presidential elections-led rally in the crypto space and declining interest rates. The cryptocurrency exchange has focused on improving its financials, delivering four consecutive quarters of GAAP profitability. Coinbase Global is also exploring initiatives like derivatives, international expansion, and custodial services to drive revenue growth. Analysts expect the company's Q4 2024 EPS to rise by more than 55% year-over-year to $1.61, with revenue surging about 79% to $1.7 billion.

Oppenheimer analyst Owen Lau maintains a Buy rating on Coinbase Global stock, with a lowered price target of $334 from $358. He expects Q4 to be a "very good" quarter and anticipates upward earnings estimate revisions. Lau also believes that clearer regulations, increased trading volume, higher token prices, and regulatory clarity will drive the Street's estimates higher for COIN stock in 2025 and 2026. Wall Street has a Moderate Buy consensus rating on Coinbase Global stock, with an average price target of $315.21, implying 8.2% upside potential.

Riot Platforms (NASDAQ:RIOT) is one of the leading Bitcoin miners, benefiting from the rise in Bitcoin price. Shares have advanced 29% over the past three months but have risen only 5% in the past year due to the adverse impact of the Bitcoin halving event on miners. Riot Platforms is focused on enhancing its efficiency and strategically expanding its operations, with a 155% increase in deployed hash rate in 2024. The company held

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