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Why Coinbase (COIN) and MicroStrategy (MSTR) Are Advancing Today

Coinbase (COIN) and MicroStrategy (MSTR) are climbing 1.5% and 2%, respectively, today after President Donald Trump provided some details on America’s upcoming crypto strategic reserve yesterday.

Trump’s Statements on the Crypto Strategic Reserve

In the wake of Trump’s executive order on the reserve, issued in January, the U.S. intends to stockpile five cryptocurrencies, the president indicated.

Image Courtesy of Coinbase

Specifically, Trump reported that the order “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP (XRP-USD), Solana (SOL-USD), and Cardano (ADA-USD).” He added that “obviously” Bitcoin (BTC-USD) and Ethereum (ETH-USD) “as other valuable Cryptocurrencies, will be at the heart of the Reserve.” Trump added, “I also love Bitcoin and Ethereum.”

Cryptos, COIN, and MSTR Are Well Off Their Highs

Since reaching their recent highs yesterday soon after Trump’s statements, cryptos have dropped significantly. For example, shortly before 11 am ET, Bitcoin had retreated to $90,680 from its Sunday high of slightly over $95,000, while ether was changing hands for around $2,300, well off yesterday’s high of about $2,530.

COIN stock was trading around $219, versus its high for the day of $233.40 and MSTR was at $260.50, versus its daily high of $295.10.

While we acknowledge the potential of MSTR, our conviction lies in the belief that some 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 MSTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: The author is shorting COIN and has put options on the stock but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…