Optimistic Outlook on Coinbase’s Future
Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, believes that the cryptocurrency exchange Coinbase (Nasdaq: COIN) is on a trajectory to become a $1 trillion company in the future, especially after its recent acquisition of Deribit.
“This is an incredibly significant acquisition. Coinbase is poised to become a $1 trillion company someday.”
In a statement shared on the social media platform X, Hougan expressed strong confidence in Coinbase’s strategic direction. The $2.9 billion acquisition positions Coinbase at the forefront of the cryptocurrency derivatives market, with Deribit recognized as the leading exchange for Bitcoin and Ethereum options.
Market Position and Future Predictions
As of May 8, 2025, Coinbase Global Inc. has a market capitalization of approximately $50 billion. This means Hougan’s forecast indicates a remarkable twentyfold increase in value. His optimistic outlook reflects a broader market sentiment that views derivatives as a vital growth engine.
This growth could potentially propel Coinbase into the trillion-dollar valuation tier as it solidifies its dominance in institutional cryptocurrency finance.
