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<p class="is-style-lead">Crypto investor Will Clemente predicted that Coinbase stock could be valued at $400 billion, implying a gain of seven times from current levels.</p>
<p>Coinbase is one of the largest centralized crypto exchanges alongside market stakeholders like Binance, Bybit, and Kraken.</p>
<p>Despite Coinbase stock (<a href="https://www.google.com/search?q=Coinbase+shares&amp;oq=Coinbase+shares&amp;gs_lcrp=EgZjaHJvbWUyCQgAEEUYORiABDIHCAEQABiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIHCAcQABiABDIHCAgQABiABDIHCAkQABiABNIBCDczNzZqMGo0qAIAsAIB&amp;sourceid=chrome&amp;ie=UTF-8" target="_blank" rel="noopener noreferrer nofollow">COIN</a>) recording an uptrend since January 2023, the company’s shares are more than 30% below its where shares traded at after its initial public offering. Currently, COIN is trading at around $222 and <a href="https://x.com/WClementeIII/status/1809258651707650074" target="_blank" rel="noopener noreferrer nofollow">Clemente</a> opined that shares have an upside potential to $1,700 by the end of the crypto cycle.&nbsp;</p>
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   <p lang="en" dir="ltr">My price target for Coinbase this cycle is $400 billion market cap or roughly $1,700/share, although I’ll probably be out of my calls before then because of theta decay. Eventually one day COIN will likely become a trillion dollar business if they continue to execute IMO.</p>— Will (@WClementeIII) <a href="https://twitter.com/WClementeIII/status/1809258651707650074?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
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<p>You might also like: <a href="https://crypto.news/coinbases-state-of-crypto-report-heres-what-we-learned/" rel="noopener noreferrer nofollow"> Coinbase’s State of Crypto report: Here’s what we learned </a></p>
<h2 class="wp-block-heading" id="what-could-bolster-coinbase-s-stock-price">What could bolster Coinbase’s stock price?&nbsp;</h2>
<p>According to Clemente, the potential for COIN to skyrocket depends on a sharp U.S. regulatory shift. “Without that, $750-$1,000 seems more reasonable,” Clemente said, although the Reflective Research founder insists the change will happen on Capitol Hill.</p>
<p><a href="https://crypto.news/?s=Coinbase" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> would be strategically positioned as America’s leading crypto exchange if such an outcome unfolded. This is further supported by government patronage, as the U.S. government uses the platform as its <a href="https://crypto.news/u-s-moves-240m-silk-road-bitcoin-to-coinbase/" target="_blank" rel="noopener noreferrer nofollow">preferred</a> digital asset brokerage service.&nbsp;</p>
<p>The company also boasts an Ethereum-based layer-2 scaling solution dubbed Base and is the first publicly traded company to run its blockchain network.&nbsp;Considering the close ties between Base, <a href="https://crypto.news/?s=Coinbase+wallet" target="_blank" rel="noopener noreferrer nofollow">Coinbase Wallet</a>, and <a href="https://crypto.news/?s=Circle" rel="noopener noreferrer nofollow">Circle</a>’s USDC token with possible stablecoin policies on the horizon, the firm may find itself at the confluence of crypto mass adoption.&nbsp;</p>
<p>What may ultimately decide the pendulum swing pertains to who sits in the <a href="https://crypto.news/?s=White+House" target="_blank" rel="noopener noreferrer nofollow">White House</a> come 2025, whether a Democrat like sitting President Joe Biden, whose regime adopted a cautious crypto approach, or the leading Republic aspirant Donald Trump, who has branded himself as the pro-crypto candidate.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/coinbase-to-hold-crypto-for-the-us-government/" rel="noopener noreferrer nofollow"> Coinbase to hold crypto for the US government </a></p>

Coinbase stock to $1,700? This crypto investor thinks so

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