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Jim Cramer on Coinbase: “Sell It on the Way Up”

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently looked at. During the episode, a caller sought Cramer’s thoughts on the stock, and he replied:

“Okay, Coinbase is deeply linked to the price of Bitcoin. It’s one of the many stocks that I talk about that frankly is just completely… linked and all those other stuff. I think Bitcoin’s bouncing probably to 97 to 98,000. And you know what? I think you should scale out of that thing on the way up. You just had a nice gain in the last six, you know, look, it’s not, it’s been up 6%. Sell it on the way up. There are other better stocks to own, like Goldman Sachs, which my trust owns, and I think it’s [in] a lot better shape.”

Pixabay/Public Domain

Coinbase Global, Inc. (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets. During the September 24 episode, a caller inquired about the stock, and Cramer responded:

“Alright, I want to take a longer-term view on Coinbase because I think that they, in the end, were the first, I know there’s Bullish, but Coinbase stuck its neck out and went out, and all the other firms avoided them or almost isolated them, the typical brokerages. Well, now they last the, you know, these guys laugh last. I think you just own Coinbase. Don’t trade it. Not for a long time, but right now.”

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. This article is originally published at Insider Monkey.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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