4 Stocks to Watch as Bitcoin Regains $1 Trillion Market Cap
From Nasdaq:
1. The Bitcoin rally is back, with a $1 trillion market cap and a 25% gain in 2023. The SEC approval of Bitcoin ETFs and the upcoming Bitcoin halving event have boosted investor sentiment.
2. Spot Bitcoin ETFs have $10 billion in assets under management. The halving event in April is expected to increase the scarcity of Bitcoin, driving its value up.
3. Major cryptocurrency-related stocks to watch include NVIDIA, Marathon Digital Holdings, BlackRock, and Coinbase Global. NVIDIA and Marathon Digital Holdings have strong expected earnings growth rates this year.
4. Coinbase Global has an expected earnings growth rate of 30.1% for next year. The Zacks Top 10 Stocks for 2024 have been released, featuring hand-picked options with enormous potential for investors.
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