Missed Out on Bitcoin Mining Stocks? 2 Crypto Stocks to Buy Right Now
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Bitcoin mining stocks like Marathon Digital Holdings (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), and CleanSpark (NASDAQ: CLSK) increased more than 400% in 2023. However, with the upcoming Bitcoin halving, only a few mining companies will be profitable in 2024, leading to a significant shakeout.
Coinbase Global (NASDAQ: COIN) maintains its position as the second-largest cryptocurrency exchange globally and holds approximately one-third of all trading on the Coinbase platform, making it a promising investment.
MicroStrategy (NASDAQ: MSTR) serves as a strong Bitcoin proxy stock, with 189,150 Bitcoins worth nearly $8 billion. New Bitcoin ETFs triggered a 20% initial drop in stock value, but investment giant Vanguard Group continues to invest heavily in MicroStrategy.
Investors have a variety of ways to gain Bitcoin exposure including mining stocks, proxy stocks like MicroStrategy, new Bitcoin ETFs, or purchasing Bitcoin directly through Coinbase. The Bitcoin halving event in April is a catalyst to watch for potential long-term Bitcoin price appreciation.
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