5 Best Cryptocurrency Stocks to Invest in 2021

Page 5 of 5

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

Number of Hedge Fund Holders: N/A    

Coinbase Global, Inc. (NASDAQ: COIN) is the largest cryptocurrency exchange in the world. It debuted on the stock market in April this year, ending the first day of trading at a record $86 billion valuation. It is ranked first on our list of 12 best cryptocurrency stocks to invest in 2021. On June 16, investment advisory Canaccord initiated coverage on the stock with a Buy rating and a price target of $285, implying 23% upside potential as crypto stocks slowly regain momentum after recording a slump in the past few weeks.

On June 10, Coinbase Global, Inc. (NASDAQ: COIN) announced that it was expanding borrowing services to more US states. Users can borrow cash using Bitcoin as collateral using the borrowing services offered by the company in the US. 

Media reports indicate that Coinbase Global, Inc. (NASDAQ: COIN) has also been working with a retirement plans firm to allow 401(k) users to invest in cryptocurrencies. 

You can also take a peek at Billionaire Stan Druckenmiller’s Top 10 Stock Picks and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

Page 5 of 5