Oppenheimer, an investment banking firm (PT: $282, outperform), provided a glimmer of hope by suggesting that the upcoming election could have a positive impact on the stock. According to the firm’s analyst, “Since our meetings with legislators in May, our belief has been that Coinbase stands to gain the most among our coverage if former President Donald Trump is re-elected. Recent developments, such as Trump’s participation in Bitcoin conferences in-person, only bolster our confidence.”
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