Investing in Bitcoin-centric stocks like NVIDIA, BlackRock, Shopify, and Robinhood is recommended for 2025.
From Nasdaq: 2024-12-23 08:48:00
The recent cryptocurrency rally has slowed, with Bitcoin recording its first weekly decline since early November. The Federal Reserve’s hawkish outlook on rate cuts for 2025 impacted the market. However, Bitcoin still holds potential and is expected to rally in the near term with Trump’s crypto-friendly policies in focus.
Investing in Bitcoin-centric stocks like NVIDIA Corporation, BlackRock, Shopify Inc., and Robinhood Markets is a smart choice for 2025. These stocks have strong growth potential, positive earnings estimates, and a Zacks Rank of 1, 2, or 3. Bitcoin had an impressive 2024, hitting an all-time high of $106,533 on Dec. 22 after the Federal Reserve slashed interest rates.
Despite recent Federal Reserve comments unsettling Bitcoin and the market, investors are hopeful for a crypto-friendly environment under the incoming President. The Fed’s 25 basis point rate cut in December bodes well for Bitcoin in 2025. The President-elect aims to make the US the “crypto capital of the world” with plans for a strategic Bitcoin reserve and supportive regulators.
NVIDIA Corporation, BlackRock, Shopify Inc., and Robinhood Markets are key players in the crypto market with significant growth potential for 2025. These companies have positive earnings estimates and strong market positions. NVIDIA’s expected earnings growth rate for next year is 41.5%, while BlackRock aims for 14.3%. Shopify Inc. and Robinhood Markets are also expected to see growth in the upcoming year.
Read more at Nasdaq: 4 Crypto-Centric Stocks With Upside on Bitcoin’s Expected 2025 Rally
