{"id":8182,"date":"2024-11-13T06:57:35","date_gmt":"2024-11-13T06:57:35","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/11\/13\/coinbase-set-for-a-potential-10x-surge-says-raoul-pal\/"},"modified":"2024-11-13T06:57:35","modified_gmt":"2024-11-13T06:57:35","slug":"coinbase-set-for-a-potential-10x-surge-says-raoul-pal","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/11\/13\/coinbase-set-for-a-potential-10x-surge-says-raoul-pal\/","title":{"rendered":"Coinbase Set for a Potential 10x Surge, Says Raoul Pal"},"content":{"rendered":"
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Raoul Pal, a seasoned macro strategist, sees significant potential in Coinbase\u2019s stock as the crypto market enters a new bull cycle. In a recent video on Real Vision\u2019s YouTube channel, Pal predicted that the US-based crypto exchange\u2019s shares could surge 10 times, driven by both market growth and political factors supporting digital assets.<\/p>\n

Raoul Pal<\/a> believes the overall cryptocurrency market could reach a value of $10 to $15 trillion in this bull market, which would make companies like Coinbase prime candidates for massive growth. \u201cI think this bull market, the whole space will end up being $10 to $15 trillion, somewhere between that. So how much is Coinbase worth in that?\u201d<\/em> he explained. \u201cIt would not surprise me if Coinbase was worth $500 billion.\u201d He went on to emphasize the undervaluation of Coinbase, noting the company\u2019s current market cap of $81.17 billion. \u201cIt\u2019s insane it\u2019s so cheap, considering the size of the market that\u2019s already there\u2026<\/em><\/p>\n

So if the [total crypto market cap] goes 5x, this probably goes 10x. That doesn\u2019t sound stupid. That\u2019s a hell of a trade for people. If people don\u2019t want to trade the cryptocurrencies themselves, Coinbase is a hell of a trade.\u201d<\/em><\/p>\n

Coinbase\u2019s Strong Position Amid Political Support and Legal Challenges<\/strong><\/h2>\n

Pal also highlighted the potential for Coinbase to benefit from the political landscape in the U.S. He believes that the election of pro-crypto candidates, including Donald Trump\u2019s presidential bid and other victories in Congress, sets the stage for Coinbase\u2019s growth. Coinbase, through its super PAC Fairshake, has invested tens of millions of dollars in backing candidates who support cryptocurrency. Pal pointed to this strategy as a key factor in Coinbase\u2019s future success.<\/p>\n

Coinbase\u2019s Chief Policy Officer, Faryar Shirzad, recently celebrated the election results, viewing them as a victory for the crypto industry. However, the exchange is currently facing a legal battle with the U.S. Securities and Exchange Commission (SEC), which accuses Coinbase of engaging in unregistered sales of securities. Despite this, Pal remains bullish on Coinbase\u2019s long-term prospects, noting that it stands out among other stocks, especially with backing from influential figures like Elon Musk.<\/p>\n

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