Jim Cramer on Coinbase: “I Don’t Want to Touch This One”

Group 1 - Coinbase Global, Inc. (NASDAQ:COIN) is experiencing bearish sentiment from analysts, particularly Jim Cramer, who expressed reluctance to invest in the stock due to its correlation with Bitcoin and the overall cryptocurrency market [1] - Cramer highlighted that Coinbase is deeply linked to Bitcoin's price movements, suggesting that investors should consider scaling out of their positions as Bitcoin approaches a price range of $97,000 to $98,000, especially after a recent 6% gain [3] - There is a belief that while Coinbase has potential, other stocks, particularly in the AI sector, may offer greater upside potential with less downside risk, indicating a shift in investment focus [4]