While the election of Donald J. Trump has elicited a range of opinions, there’s no denying his victory’s impact on the cryptocurrency market. At the moment, the total market value of all digital assets exceeds the $3 trillion mark. That’s above the GDP of Italy and the blockchain has its sights fixed on France next.
With this explosive rally, it’s natural for investors to consider relevant enterprises like Coinbase (COIN). Prior to the election, the options market was signaling for a significant spike. However, the analytics at the time grossly underestimated the explosiveness of the surge. Just in the trailing month, COIN stock gained more than 45%. Seemingly, with nothing to stop this ascent, the crypto wallet and exchange may have blue skies ahead.
