Investing on these bitcoin stocks can be scale up your profits
The price of Bitcoin has been growing day by day. And so the number of bitcoin stocks companies tied to the cryptocurrency has followed suit. Many of the bitcoin enthusiasts have been going crazy about bitcoin stocks to obtain great profits. Let’s see the top bitcoin stocks to buy in 2022 in this article.
Coinbase Stocks
Cryptocurrency exchange Coinbase has a good rating of about 68 with an EPS rating of 75. It has recently reported its quarterly results too. This is one of the top bitcoin stocks to invest in as it has a great demand in the market. The stock rebounded through October but later gave up those gains.
Silvergate Capital Stocks
Silvergate Capital is the holding for Silvergate Bank that provides financial services for cryptocurrencies that try to keep up with the 24/7 pace of cryptocurrency trading. It has a composite rating of about 97 and a 99 EPS rating. The company has also earned 88 cents per share in the third quarter which is about 138% gain. Because of the huge growth this becomes one of the top bitcoin stocks to invest in 2022.
ProShares Bitcoin Strategy
The ProShares Bitcoin Strategy began trading in October before Bitcoin’s peak. It has since fallen in tandem with Bitcoin and is trading at record lows. The BITO ETF does not have ratings from IBD. The SEC has been reluctant to approve an ETF directly tied to Bitcoin’s twists and turns. Still, the U.S. government has remained wary of Bitcoin volatility, energy consumption and its role in illicit financial activity. It is one of the top Bitcoin stocks to buy in 2022.
Bit Farms Stocks
Bitfarms, a Bitcoin miner, has fallen well below a 7.57 entry of a consolidation. The stock has a 67 composite rating. It is one of the top Bitcoin stocks to buy in 2022. Its EPS rating is 56. The company recently reported third-quarter earnings that missed estimates.
Riot Blockchain
Riot Blockchain, another crypto miner, fell after the company reported third-quarter results that missed expectations. Shares have largely faded since. Riot Blockchain, which had a previous life as a biotech company, had eight full-time employees as of March 25. Riot has focused on mining and brought in new leadership, after its onetime CEO left following market-manipulation charges from the SEC that related to other companies. It is one of the top Bitcoin stocks to buy in 2022.
Voyager Digital
Voyager Digital is a cryptocurrency stock that offers users to buy the top cryptocurrencies. The advantage with this is that it is the most-wanted facility in the crypto industry. It is one of the top Bitcoin stocks to buy in 2022. This stock will continue to rise as more and more customers are drawn to this platform for the various features. The Voyager token’s value has doubled over the past couple of months.
CME Group
CME Group operates as the world’s largest financial derivatives exchange that allows investors to trade futures. It is one of the top bitcoin stocks to buy in 2022. As crypto derivations are still a small market, the company is introducing more exchanges for crypto assets in the future.
MicroStrategy Incorporated
MicroStrategy is a leading business intelligence company that also provides mobile software and cloud-based services. It aims to serve intelligence everywhere. The analytics platform delivers instant answers to all the complex questions. It is one of the top Bitcoin stocks to buy in 2022.
Hut 8 Mining Corp
Hut 8 Mining Corp is a Canadian digital asset miner with a special focus on Ethereum and Bitcoin. In September, the company reported 264 mined Bitcoins, with an average production rate of 9.11 Bitcoin per day. This company is one of the top picks in the crypto mining space and has great potential to grow next year.
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