In today’s video I go over the four best Crypto stocks to buy right now. Bitcoin has been a very popular subject in the market recently and these four stocks have a ton of upside if Bitcoins rally continues.
The first way is pretty straight forward there is a bit coin ETF that you could invest in that allows you to invest in bit coin similar to the way that you would buy an ETF that tracks any sector in the market. The ticker symbol is GBTC and it currently trades for $37.88 share. The fund is managed by Grayscale which is the largest digital currency asset manager. They have 20.2B assets under management and their goal is to provide any investor with the opportunity to gain exposure to bit coin, ETH or any other crypto currency.
The next stocks is Micro Strategy which trades under ticker symbol MSTR and currently trades for 806 a share. But this one is actually pretty interesting Micro strategy is a software company but their involvement with bit coin and crypto currency is something that the markets never really seen before. The company is run by Michael Saylor who is a very outspoken long term bit coin bull so what he’s done with this company is convert pretty much all of the companies cash into bitcoin.
This means they have been buying crypto with their excess cash for the past year and now they have over 1B invested in bit coin. They own over 70,000 bit coins and since their initial investment their stock price is up over 200% and pretty much mirrored bit coins price as investors have been using it as a proxy or just another way to have bit coin exposure.
The next two are bitcoin mining companies and they build and operate block chain where BTC is based. The first one is RIOT block chain which trades under ticker symbol RIOT and trades for 23.38 and the next one is marathon patent group which trades under ticker MARA for 22.52 a share. And if you don’t know what block chain is it is essentially the record keeping technology behind the bit coin network. So what bit coin miners do is number one solve complex mathematical problems to generate new bit coins and number two they verify bit coin transactions around the world to help keep the entire network safe and secure.
Thanks For Watching!!
Get 2 Free Stocks when you open an account and deposit $100 with WeBull:
Free Stock from Robinhood:
Follow me on Instagram:
DISCLAIMER: I am not a Financial Advisor, all the information in this video is for educational purposes.