To Buy And Watch: The 5 Best Bitcoin Stocks And Crypto Plays

Bitcoin’s value continues to rise. A handful of Bitcoin stocks — or firms with a cryptocurrency-related industry — have followed suit. However, given the volatile nature of cryptocurrency prices, picking the best stocks from among them might be challenging.

Silvergate Capital Corp. (SI), Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and ProShares Bitcoin Strategy (BITO), a Bitcoin futures ETF, are the top crypto and Bitcoin stocks to purchase or watch right now, according to IBD’s analysis.

However, investors should exercise care. Bitcoin price gyrations are the life and death of those stocks. Some have had a tumultuous past.

Other firms, like as the trading platform Robinhood (HOOD), can act as crypto stocks on occasion. Users of Square (SQ) and PayPal (PYPL) may also purchase Bitcoin.

Bitcoin Stocks and Bitcoin Fluctuations

Bitcoin is presently trading at roughly $62,000. That’s down from last month’s all-time high of $66,974.77, but it’s more than double what it was at the end of 2020.

Bitcoin arrived after a series of setbacks this year: A crypto crackdown in China; Tesla’s decision not to use the currency; and concerns about stricter laws in the United States