Jim Cramer Shed Light on These 8 Stocks Recently

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

Number of Hedge Fund Holders: 42

When asked about Coinbase Global, Inc. (NASDAQ:COIN), Cramer advised to go for Bitcoin instead.

“Listen, sunshine, just go buy coin, just go buy the Bitcoin. Well, yeah. What do we do with the Coinbase? We don’t want the Coinbase, we want the Bitcoin because that could be a, by the way, the, we make that special petroleum reserve slash Bitcoin reserve, that’ll do better than Coinbase.”

Coinbase (NASDAQ:COIN) provides technology and infrastructure for the cryptocurrency economy, offering consumer financial accounts, a marketplace for institutional transactions, and development tools for developers. In November 2024, Cramer said:

“Coinbase is what I call an up stock. It’s just an up stock. You’re not gonna stop it. Palantir’s an up stock. Coinbase is an up stock. Robinhood’s an up stock. These are stocks that there are buyers every time they pull back and there probably will be to year end. Coinbase is a winner.”