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Coinbase Stock Sees Revenge Rally After Trump Win

COIN stock is exploding after Trump's White House win.
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Nov 7, 2024 • 1 min read

$COIN was among the top-performing stocks following Donald Trump's re-election. The stock is up some 42% this week.

What’s the Scoop?

  • Coinbase on the Rise: After election day, $COIN surged from around $194 per share to $218.
  • Fairshake PAC's Role: Optimism around the crypto space increased, particularly with the Trump win, and the influence of the Fairshake PAC seems to be driving further investor confidence.

Bankless Take:

Brian Armstrong has long been a prominent voice in the crypto world—not only as Coinbase's founder but also as a major supporter of the Fairshake PAC. His investments are paying off, as $COIN has climbed over the past few days post-election. Investors are feeling bullish, not only due to the political landscape but also because the Fairshake PAC has been actively backing candidates with pro-crypto stances. This support could have far-reaching effects for crypto industry.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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