From Nasdaq:

Bitcoin has proven to be a resilient asset class, with a 154.37% surge in 2023 despite market challenges. The approval of Bitcoin Spot ETFs is expected to lead to increased demand, as financial advisors are waiting for approval before purchasing. Bitcoin halving in April 2024 will constrain supply, while the upcoming presidential election year suggests historical positive returns for Bitcoin.

Investors are advised to interpret the data and consider potential increases in Bitcoin value for 2024. Proxies like Riot Platforms, Coinbase, Marathon Digital, and MicroStrategy are expected to perform well as Bitcoin gains momentum. Zacks Investment Research offers live stock picks for potential home runs in 2024.



Read more: Zacks Investment Ideas feature highlights: BlackRock, Riot Platforms, Coinbase, Marathon Digital and MicroStrategy