From Nasdaq:

1. The Securities and Exchange Commission’s approval of a spot Bitcoin ETF has renewed optimism in the crypto market, with 11 spot Bitcoin ETFs surpassing a cumulative volume of $11.1 billion in just four days. Combined with the upcoming Bitcoin halving event, predictions suggest that Bitcoin could reach almost $200,000 by the end of 2025.

2. Digital currency stocks are expected to rise following the SEC’s spot Bitcoin ETF approval, with estimates suggesting that Bitcoin’s market capitalization would need to increase to $2.6 trillion to support a $200,000 valuation. This influx will drive non-native cryptocurrency stocks higher, offering a safer investment alternative to traditional cryptocurrency exchanges.

3. MicroStrategy, listed as MSTR on the NASDAQ, has become a proxy for investors seeking exposure to Bitcoin. With 189,150 BTC as of December 2023, their market capitalization is predominantly Bitcoin. MicroStrategy offers a secure entry point for investors without navigating complex crypto processes, and reported promising Q3 2023 financial results.

4. Nvidia has seen significant growth in 2023, with almost 200% increase in market capitalization to over $1.5 trillion. As a market leader in GPU production, Nvidia’s processors are likely to support the widespread adoption of generative AI software and cryptocurrency mining. The company’s return on equity stands at 57%, with strong net income growth over five years.

5. Block, listed as SQ on the NYSE, has gained exposure to cryptocurrencies through its CashApp, offering users a convenient platform for buying, selling, and transferring crypto. Bitcoin revenue accounted for 43% of the firm’s net revenue in Q3 2023, with total net revenue reaching $5.62 billion and profits increasing 21% year-over-year. Block represents a strong stock poised for growth in a cryptocurrency bull market.



Read more: 3 Surprising Non-Crypto Stocks to Buy Before the Next Crypto Bull Run Explodes