Coinbase (COIN): towards a possible entry into the S&P 500?

Coinbase (COIN), the well-known cryptocurrency exchange, continues to capture the attention of the financial market, with some rumors bringing it closer to the S&P 500. Already listed on NASDAQ since 2021, the company could see a significant increase in the value of its shares in the coming years. 

According to Bitwise, the price per share could exceed 700 dollars, more than doubling the current level. If these forecasts were to come true, Coinbase could become the most valuable broker in the world, surpassing even Charles Schwab.

This perspective brings with it an even more ambitious hypothesis: the inclusion of Coinbase in the S&P 500, the main stock index of the United States. 

This possibility could mark a historic turning point for the cryptocurrency sector, opening new paths for the integration between traditional finance and digital assets.

The forecasts of Bitwise and the rise of Coinbase towards the S&P 500

Bitwise, one of the main crypto fund managers, believes that the expansion of Coinbase is supported by solid fundamentals and a favorable context for the cryptocurrency market. The growing institutional interest in digital assets and the increase in regulation, which makes the sector safer, are positioning Coinbase as one of the main players in the global financial landscape.

With a valuation over 700 dollars per share, Coinbase would surpass Charles Schwab, a historical leader among financial brokers. This result would not only represent a symbolic milestone, but it would also consolidate the role of cryptocurrencies as an integral part of the modern economic system.

The inclusion of Coinbase in the S&P 500 is not an automatic process. The index is composed of the 500 leading U.S. companies listed on the stock exchange and selected based on criteria such as market capitalization, profitability, and liquidity. 

Coinbase, currently with a significant market capitalization, is working to consolidate its profit margins, an essential element for entering the index.

A potential entry of Coinbase into the S&P 500 would have significant implications. The index is followed by numerous passive funds and ETFs, which means that a substantial portion of institutional capital would automatically flow into Coinbase shares. 

This would generate greater stability for the company and would further strengthen its position as a leader in the crypto sector.

A future with greater exposure to cryptocurrencies

The probable inclusion of Coinbase in the S&P 500 fits into a broader trend. Bitwise suggests that even MicroStrategy, a company famous for its substantial Bitcoin reserves, could become part of the Nasdaq 100. 

These developments reflect a growing adoption of cryptocurrencies in the portfolios of institutional and retail investors.

If Coinbase and MicroStrategy were actually included in the main stock indices, almost all U.S. investors would indirectly have exposure to digital assets. 

This would represent a democratization of cryptocurrencies, making them accessible to a wider audience without the need to directly purchase Bitcoin, Ethereum, or other tokens.

Conclusions

The potential entry of Coinbase into the S&P 500 would be a historic event for the cryptocurrency sector. The growing integration between traditional finance and digital assets is transforming the global economic landscape, and Coinbase is at the center of this change.

Attention remains high, both for the performance of its shares and for the possible future implications. With the support of a rapidly expanding cryptographic ecosystem, Coinbase is well positioned to reach new milestones and consolidate its role as a protagonist in the digital economy.