Coinbase (COIN) has surged past the $350 mark for the first time since early 2022, closing the week with a 14.6% gain. This breakout moment signals a shift in perception—no longer just a crypto exchange, Coinbase is now drawing comparisons to traditional financial giants like Goldman Sachs and JPMorgan.
Why Coinbase Is Gaining Wall Street Credibility
Cathie Wood’s Vision: Crypto Collateral for Mortgages
Cathie Wood, CEO of ARK Invest, predicts a transformative role for Coinbase: enabling Bitcoin holders to collateralize crypto for mortgages. Her rationale?
- Many crypto users are excluded from legacy financial systems.
- Coinbase’s regulated, U.S.-based infrastructure could bridge this gap.
- On-chain wealth could finally unlock real-world assets like home loans.
"Converting Bitcoin into leverage for a home purchase within a regulated platform is a game-changer." — Cathie Wood
John Deaton’s Blue-Chip Endorsement
Pro-Ripple attorney John Deaton doubled down, calling Coinbase a "must-have blue-chip stock" and comparing it to:
👉 Goldman Sachs
👉 JPMorgan
👉 American Express
Deaton’s take? Coinbase isn’t just joining Wall Street—it’s redefining it.
The Market Momentum Behind COIN
- 100% growth in two months.
- Sustained volume and bullish charts suggest long-term confidence.
- Narrative shift: From crypto trading to financial infrastructure.
FAQ: Addressing Key Questions
Q: How is Coinbase different from traditional banks?
A: Unlike banks, Coinbase leverages blockchain-based assets (e.g., Bitcoin) to create new financial products, like crypto-backed mortgages.
Q: What risks does Coinbase face?
A: Regulatory scrutiny and crypto volatility remain challenges, but its custodial model mitigates some risks.
Q: Could Coinbase replace Goldman Sachs?
A: Not replace—but disrupt. Coinbase merges crypto liquidity with traditional finance, offering services legacy banks can’t.
The Future: A Hybrid Financial Powerhouse
If Coinbase succeeds in linking crypto wealth to mainstream finance (e.g., loans, credit), it won’t just compete with Wall Street—it’ll reshape the rules.