Stock went up 38% in two weeks. Hit the highest price in a year today before dropping back to $352.This started when the Senate passed that stablecoin bill on June 18th. The GENIUS act still needs House approval but it's looking good. Once it passes;; stablecoin companies get clear rules to follow and Coinbase makes bank from their stablecoin business. That's 15% of their money right there.Then last week Coinbase became the first US exchange to get approval in Europe. Got their MiCA license in Luxembourg... now they can operate in all 27 EU countries. That's massive expansion.But here's where it gets interesting.... today Bernstein analyst Gautam Chhugani raised Coinbase price target from $310 to $510 by 2027. That's 65% higher than before.This guy said something that caught my attention: "most misunderstood company in crypto coverage." He listed why Coinbase is actually dominating:Only crypto stock in S&P 500. Controls most US crypto trading. Biggest stablecoin business among exchanges. Owns institutional crypto. Bought Deribit which is the largest crypto options exchange globally. Runs Base chain on Ethereum.When you put it like that;; makes you wonder why the stock was so beaten down before.There's also the CLARITY act coming through the House. That one defines what the SEC can and can't do with crypto regulation. More clarity means less lawsuits and drama.What's really wild is the timing.... crypto is pumping everywhere. Bitcoin hitting new highs. Institutions buying more. And Coinbase sits right in the middle of all that flow.Been watching this stock since the IPO disaster. This feels different. Instead of fighting regulators they're actually working with them now. Government is creating rules that help instead of hurt let’s see though.The momentum is building fast. Stock already up huge but analysts think there's more room. When the House passes that stablecoin bill.... could get really interesting. via /r/CoinBase https://ift.tt/6KrD1lB
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