These Could Be the Best-Performing Crypto Stocks Through 2030

The crypto market was chilled by high interest rates in 2022 and 2023, but it’s been warming up again this year. Bitcoin‘s (CRYPTO: BTC) price has soared nearly 50% year to date as U.S. regulators approved the first spot price exchange-traded funds (ETFs) and investors looked toward the upcoming halving, which will slow Bitcoin’s supply growth this year. Ethereum’s (CRYPTO: ETH) price has risen more than 40% on hopes that regulators will also approve its spot price ETFs as the Ethereum network undergoes another update.

That recovery has driven many investors back toward crypto-related stocks like Coinbase Global (NASDAQ: COIN), Marathon Digital (NASDAQ: MARA), and MicroStrategy (NASDAQ: MSTR). All three stocks represent simple ways to profit from the expansion of the crypto market, and they could rally much higher by the end of the decade.

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1. Coinbase Global

Coinbase is one of the world’s largest cryptocurrency exchanges. In 2023, it generated 34% of its trading volume from Bitcoin, 20% from Ethereum, 11% from the Tether (CRYPTO: USDT) stablecoin, and the rest from other types of crypto assets. That diversification makes it a great way to profit from the long-term expansion of the crypto market.

Coinbase suffered a major slowdown during the past two years as rising interest rates drove investors away from cryptocurrencies and other speculative investments. But looking ahead, the soaring prices of Bitcoin and Ethereum during the past few months will likely bring back more retail investors and light a blazing fire under its business again.

From 2023 to 2026, analysts expect Coinbase’s revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to both grow at a compound annual growth rate (CAGR) of 9%. Based on those estimates, Coinbase’s stock looks reasonably valued at 26 times this year’s adjusted EBITDA.

Yet those forecasts seem too conservative if you believe Bitcoin, Ethereum, and other top cryptocurrencies will soar to new heights. If that best-case scenario plays out, Coinbase could easily beat those estimates and outperform the market through…

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