Cathie Wood Scoops Up Bargain-Priced Coinbase and Circle Shares

Cathie Wood, founder of ARK Invest, is buying up bargain-priced crypto stocks. Two companies she's focusing on are Coinbase and Circle.

Wood is bullish on cryptocurrencies, predicting that Bitcoin will reach $1.25 million in five years and Ether will hit $160,000 to $180,000 in six years.

Coinbase is the world's largest cryptocurrency exchange, with most of its revenue coming from trading fees. Its stock price dropped 40% over the past year due to rising interest rates, delays in crypto legislation, and other macro headwinds.

However, analysts expect Coinbase's revenue and adjusted EBITDA to grow at CAGRs of 19% and 63%, respectively, from 2026 to 2028. This growth could be driven by the stabilization of the crypto market and the expansion of its Ethereum Layer-2 network.