Investing in Bitcoin-centric stocks like Robinhood, NVIDIA, Coinbase, and Interactive Brokers recommended
From Nasdaq
January 21, 2025 2:00:00 pm:
- Bitcoin price surged to over $109,000, hitting an all-time high ahead of Trump’s inauguration. Experts predict it could reach $125,000 soon, thanks to Trump’s pro-crypto stance. Despite a 5% decline, Bitcoin remains strong at around $102,000.
- Bitcoin’s rally in 2024 saw a 100% surge, with highs influenced by Trump’s crypto-friendly promises. The rise continued to hit $106,533 on Dec. 22. As Trump takes office, investors anticipate a crypto-friendly environment and regulatory clarity, boosting Bitcoin’s growth potential.
- Investing in Bitcoin-centric stocks like Robinhood Markets, NVIDIA Corporation, Coinbase Global, and Interactive Brokers Group is recommended for strong growth potential in 2025. These stocks have seen positive earnings estimate revisions in the past 60 days.
- Robinhood Markets offers a financial services platform allowing investments in various assets, including cryptocurrencies like Bitcoin and Ethereum. With expected earnings growth of over 100%, it holds a Zacks Rank #1 (Strong Buy) and strong potential for investors.
- NVIDIA Corporation, a key player in the semiconductor industry, has shown significant success in 2023. With expected earnings growth of over 100% and a Zacks Rank #2 (Buy), the company’s GPUs play a crucial role in data centers, AI, and cryptocurrency mining, making it a solid investment choice.
- Coinbase Global provides financial infrastructure and technology for the global cryptocurrency economy. With expected earnings growth of over 100% and a Zacks Rank #1, it offers a marketplace for institutional crypto asset transactions and secure crypto-based applications.
- Interactive Brokers Group is a global electronic broker that trades in cryptocurrencies, including futures. With an expected earnings growth rate of 21.6% and a Zacks Rank #2, it presents an opportunity for investors looking to capitalize on the growing crypto market.
Read more at Nasdaq: 4 Bitcoin-Centric Stocks to Gain From Trump’s Return to White House