The stocks of companies that generate cryptocurrencies and develop technologies powered by blockchain are termed as bitcoin stocks. Bitcoin stocks are excellent avenues of investment for investors looking to avoid the high volatility of investing directly in bitcoin. Instead, they can invest in companies that use bitcoin and other cryptocurrencies.
Bitcoin has emerged as one of the most revolutionary trends in recent times. It is used in blockchain transactions, including transportation, logistics system, and banking. The enormous potential of potential has not been exploited fully yet; however, whenever the realization occurs, bitcoin stocks will be the first ones to reap the benefits.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| RIOT | Riot Blockchain Inc. | $11.25 | -19.76% | 3.7B |
| AMD | Advanced Micro Devices Inc. | $129.36 | -3.76% | 210.2B |
| BTCS | BTCS Inc. | $3.52 | 147.89% | 62.3M |
| GBTC | Grayscale Bitcoin Trust | $76.52 | 135.74% | 20.6B |
| NVDA | Nvidia | $139.51 | 199.19% | 3436.3B |
| MSFT | Microsoft | $448.85 | 20.89% | 3329.7B |
| OSTK | Overstock.com Inc. | #N/A | #N/A | #N/A |
| MGTI | MGT Capital Investments Inc. | $0.00 | #DIV/0! | 2.5K |
| MARA | Marathon Patent Group Inc. | $23.72 | 61.91% | 7.7B |
| PYPL | Paypal | $89.73 | 51.98% | 90.1B |
| SQ | Square | $96.38 | 40.58% | 59.6B |
| CME | CME Group Inc. | $237.01 | 10.02% | 85.4B |
| IBKR | Interactive Brokers Group | $178.18 | 112.22% | 75.1B |
| NDAQ | Nasdaq | $80.38 | 48.25% | 46.0B |
| V | Visa | $309.08 | 20.49% | 605.9B |
Factors to Consider Before Investing in Bitcoin Stocks
Investors must consider that bitcoin trend is relatively new and has not been factored in entirely by the market yet. Bitcoin stocks are less volatile and risky than investing directly in cryptocurrencies; however, they still get largely affected by market news, cryptocurrency prices, and other regulatory and economic factors.
Therefore, investors must understand market dynamics before investing in bitcoin stocks. These stocks tend to have periodic crests and troughs that investors should understand before investing in them recklessly.
The financial health of bitcoin stocks also needs to be considered, including the companies’ revenue growth, profit margin, market capitalization, and valuation. Investors must ascertain that bitcoin stocks are not overvalued, which is quite often the case, before investing in them.
Which Bitcoin Stocks Should I Buy?
Bitcoin stocks belong to a variety of companies, including top banks, technology companies, payment providers, and pure-bitcoin companies. We have aggregated a list of the best bitcoin stocks for you to invest in.
The bitcoin market has not yet been fully explored, and there is so much that can happen over time. Investors should undertake thorough due diligence in selecting bitcoin stocks that can assist them in taking advantage of encouraging future trends.
