Odaily Planet Daily News Trump has vowed to build a strategic Bitcoin reserve and transform the United States into the "Internet cryptocurrency capital" and "global Bitcoin superpower". The cryptocurrency executive order he signed after taking office was warmly welcomed by the cryptocurrency bull market. The latest data from data solution provider BondCliQ Inc. shows that the performance of a Coinbase convertible bond also echoes the stock rally of the crypto trading platform. Coinbase's 0.25% bond (due on April 1, 2030) has risen sharply since Trump's victory in November. After experiencing a pullback earlier this year, the price of this bond has risen again in recent weeks.
Since November 5, 2024, Coinbase's stock has risen 39.5% and 92.8% in the past 12 months. Coinbase's four bonds have also seen net buying since the beginning of 2025. Coinbase is one of the stocks that MarketWatch calls the "MAG Seven". Analysts believe that Coinbase will be a beneficiary of the Trump administration's support for cryptocurrencies, just like Robinhood and Strategy. (morningstar)