Bitwise CIO Says Which Could Hit $1 Trillion Valuation Next
In a bold market forecast, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, revealed which public company could most likely reach a $1 trillion market cap.
In a post on X (formerly Twitter), Hougan wrote:
“Pick a company currently valued below $100 billion that has the highest chance of being a $1+ trillion company some day. I’ll start: Coinbase at $61 billion.”
At the time of his post, Coinbase’s market cap hovered around $61 billion. Since then, COIN shares have surged, recently trading at $256.90, reflecting increased institutional confidence and investor interest.
This bullish outlook comes just as Coinbase is set to join the S&P 500 on May 19, 2025, replacing Discover Financial Services following its acquisition by Capital One. The inclusion marks a historic first for a crypto-native company, symbolizing mainstream recognition of digital asset firms in traditional finance.
Derivatives Push with Deribit Deal
Fueling its expansion, Coinbase recently acquired crypto options exchange Deribit for $2.9 billion. The move positions the exchange as a serious contender in crypto derivatives, a sector in high demand among institutional traders and a major potential revenue stream.
From Crypto Pioneer to Wall Street Titan?
If Hougan’s $1 trillion projection proves accurate, Coinbase would join the ranks of giants like Apple, Microsoft, and Amazon. The road ahead includes challenges, especially regulatory scrutiny, but Coinbase’s growing role in bridging digital assets with traditional finance makes it one of the strongest contenders to lead the next wave of tech-driven financial growth.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
