Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses

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6. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holdings in Q4 2024: 69

Number of Hedge Fund Holdings in Q4 2025: 64

Performance Since Cramer’s Remarks: 2.45%

Date/Month of Cramer’s Remarks: April 7th, 2025

Coinbase Global, Inc. (NASDAQ:COIN) is one of the largest cryptocurrency exchanges in the world. Its shares are down by 6.4% over the past year and are up by 2.45% since Cramer discussed the firm on Mad Money. Coinbase Global, Inc. (NASDAQ:COIN)’s shares closed 4.7% higher on October 31st after the firm reported its third quarter earnings. The results saw it post $1.9 billion in revenue and $1.50 in adjusted earnings per share to beat analyst estimates of $1.8 billion and $1.10. However, more recently, Coinbase Global, Inc. (NASDAQ:COIN)’s shares closed 9.8% lower on March 24th. On that day, reports surfaced that a draft of the legislation called the CLARITY Act could restrict rewards on stablecoin holdings. This development affects Coinbase Global, Inc. (NASDAQ:COIN)’s customer base due to its presence in the stablecoin industry. The shares closed another 4% lower on the 26th, on the day banking giant Goldman Sachs cut the share price target to $235 from $270 and kept a Buy rating on the shares. Here’s what Cramer had said about Coinbase Global, Inc. (NASDAQ:COIN) on April 7th:

“Not a bad idea, Bitcoin’s down a lot, but why don’t you do this, why don’t you buy Bitcoin? Why buy Coinbase? You can just go buy Bitcoin. And I think that’s a good idea all the way down here. I prefer that to actually buying Coinbase.”

While we acknowledge the potential of COIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COIN and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses: Top 5 Stocks.

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