Pro Weekly: The Companies Riding Trump's Coattails
Here’s another November comeback story: For more than a year, The Information’s readers have held starkly negative views about Coinbase’s prospects in our monthly surveys. This month, however, survey respondents were more bullish about the cryptocurrency exchange than about any of the 13 other companies on our list.
The reason for the change of heart, of course, is the election, and the view that President-elect Donald Trump will be more supportive of cryptocurrencies. The same sentiment has lifted Coinbase shares 52% since Nov. 5, and the price of bitcoin, the best-known cryptocurrency, by more than 40% over the same period.