12 Best Bitcoin Stocks To Buy According To Billionaires

Page 10 of 10

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

Number of Billionaire Investors: 11

Coinbase Global, Inc. (NASDAQ:COIN) operates a cryptocurrency platform serving both US and international markets. It provides a primary financial account for digital assets, a brokerage platform with strong liquidity for institutions, and tools for developers to build on-chain applications. On March 11, the company announced its registration with India’s Financial Intelligence Unit, enabling it to offer crypto trading services in the country. This move aligns with the growing interest in digital assets among young Indians, many of whom are exploring crypto trading as a way to supplement their income. It is one of the best Bitcoin stocks to invest in, given the company’s dominance in the crypto space.

In 2024, Coinbase Global, Inc. (NASDAQ:COIN)’s revenue more than doubled, reaching $6.6 billion, with $3.3 billion in adjusted EBITDA, marking its second consecutive year of positive adjusted EBITDA. Subscription services saw a 64% year-over-year growth, generating $2.3 billion, driven by USDC, staking, and Coinbase One. International revenue accounted for 19% in Q4, supported by improved payment systems and localization efforts. By year-end, Coinbase’s USD holdings had grown to $9.3 billion.

On March 7, Rosenblatt Securities initiated coverage on Coinbase Global, Inc. (NASDAQ:COIN) with a Buy rating and a price target of $305. The firm’s analysts expressed confidence in the future of cryptocurrency-related stocks, pointing to potential regulatory shifts and growing institutional adoption as key factors driving their outlook.

Overall, Coinbase Global, Inc. (NASDAQ:COIN) ranks first on our list of the best bitcoin stocks to buy according to billionaires. While we acknowledge the potential of COIN to grow, our conviction lies in the belief that certain 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10