Bitcoin-centric stocks like Robinhood, Coinbase, NVIDIA, Interactive Brokers, and Block offer significant price appreciation potential

From Nasdaq

September 12, 2024 2:00:00 pm:

The cryptocurrency market experienced a steep decline, with Bitcoin falling from an all-time high of $73,750 in March to below $55,000 due to a broader market downturn. However, with the Fed likely to cut interest rates, investors are advised to accumulate Bitcoin using a buy-on-the-dip strategy. Bitcoin-centric stocks like Robinhood, Coinbase, NVIDIA, Interactive Brokers, and Block offer significant price appreciation potential.

Following weak economic data, the CME FedWatch tool shows a 100% probability of a 25-basis point interest rate cut in September, with further cuts expected in November and December. This could benefit high growth industries like technology and consumer discretionary, as well as cryptocurrencies.

Five Bitcoin-centric stocks are in focus for potential investors – Robinhood Markets Inc., Coinbase Global Inc., NVIDIA Corp., Interactive Brokers Group Inc., and Block Inc., all offering solid price appreciation potential. These stocks are well positioned to benefit from a potential interest rate cut by the Fed and long-term growth in the cryptocurrency market.

Infrastructure stocks in the U.S. are expected to boom as trillions will be spent on rebuilding the nation’s infrastructure. This presents a significant opportunity for investors to capitalize on the growth potential of companies involved in construction, repair, cargo hauling, and energy transformation. Zacks Investment Research has released a Special Report to help investors identify key companies in this sector.

Read more at Nasdaq: Watch 5 Bitcoin-Centric Stocks Set to Gain From the Next Rally