Trump Effect: Coinbase Bonds Surge, Investor Enthusiasm Rekindled

Odaily Planet Daily reported that Trump once vowed to establish a strategic Bitcoin reserve and transform the U.S. into the "capital of internet cryptocurrencies" and a "global Bitcoin superpower." His executive order on cryptocurrencies, signed after his inauguration, was met with enthusiastic support during the cryptocurrency bull market. Recent data from BondCliQ Inc., a data solutions provider, indicates that the performance of a Coinbase convertible bond has mirrored the rise in stock prices of the crypto trading platform, with Coinbase's 0.25% bond (maturing on April 1, 2030) significantly increasing in price since Trump's victory in November. After experiencing a pullback earlier this year, the bond's price has risen again in recent weeks.

Since November 5, 2024, Coinbase's stock has risen by 39.5%, with a 92.8% increase over the past 12 months. Since the beginning of 2025, there have also been net purchases of four of Coinbase's bonds. Coinbase is considered one of the "MAG Seven" stocks by MarketWatch, and analysts believe that Coinbase will benefit from the Trump administration's support of cryptocurrencies, similar to Robinhood and Strategy. (morningstar)