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$COIN was among the top-performing stocks following Donald Trump's re-election. The stock is up some 42% this week.
What’s the Scoop?
Coinbase on the Rise: After election day, $COIN surged from around $194 per share to $218.- Fairshake PAC's Role:
Optimism around the crypto space increased, particularly with the Trump win, and the influence of the Fairshake PAC seems to be driving further investor confidence.
Bankless Take:
Brian Armstrong has long been a prominent voice in the crypto world—not only as Coinbase's founder but also as a major supporter of the Fairshake PAC. His investments are paying off, as $COIN has climbed over the past few days post-election. Investors are feeling bullish, not only due to the political landscape but also because the Fairshake PAC has been actively backing candidates with pro-crypto stances. This support could have far-reaching effects for crypto industry.
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