Jim Cramer on Coinbase Global: “What I Would Suggest You Do Is Just Buy Bitcoin, It’s Cleaner”

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks on which Jim Cramer expressed his thoughts. Answering a caller’s query about the stock, Cramer said:

Well, I’ll tell you, I think that it, a lot of people just think it’s a play on Bitcoin. And what I would suggest you do is just buy Bitcoin. It’s cleaner. It has less to do with whether there’s competition, say from BlackRock or from Fidelity. So just go with Bitcoin. That’s the way to go.

Photo by bitcoin executium on Unsplash

Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. Cramer was bearish on the stock during the February 6 episode as he commented:

I mentioned how Robinhood may just be a proxy for Bitcoin just now. What does that say about Coinbase now that the major cryptocurrencies are everywhere? I gotta tell you, I don’t want to touch this one.

While we acknowledge the risk and potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COIN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.  Follow Insider Monkey on Google News.