From Nasdaq: 2024-06-07 15:57:44

This week, the crypto industry saw gains driven by Bitcoin, while economic news remained mixed. Shares of Coinbase Global, MicroStrategy, and Cipher Mining all saw significant increases as Bitcoin rose in price. Bond yields also rose as investors pushed out expectations for a rate cut.

Bitcoin’s future in finance is uncertain, with signs of an overvalued market and a weakening economy in some areas. Despite its recent bounce, concerns about a potential economic downturn and lack of utility may make Bitcoin overpriced. Innovative blockchain companies like Coinbase may offer better investment opportunities.

The Motley Fool Stock Advisor team identified 10 top stocks for investors to buy now, with Bitcoin not making the cut. The service provides guidance on building a successful portfolio, with a track record of outperforming the S&P 500 since 2002. Consider investing in these recommended stocks for long-term growth potential.

Read more at Nasdaq: Why Crypto Stocks Skyrocketed Higher This Week