However, the stock is worth keeping on your investment radar considering the expansion plans for the current year.Īs an overview, Riot Blockchain is a cryptocurrency mining company. Some correction from current levels is likely. In the last six months, RIOT stock has delivered returns of more than 1,700%. With Bitcoin surging recently, Riot Blockchain stock has also skyrocketed. HIVE Blockchain Technologies (OTCMKTS: HVBTF).Let’s talk about seven stocks riding the crypto craze: Stocks of these companies could be attractive investment options. However, several listed companies have interest in the crypto and blockchain domain. A study shows that 69% “of banks are experimenting with blockchain technology to make their services more secure, seamless and transparent.” This presents a big opportunity for companies in the field of blockchain technology.Ī direct way of exposure to crypto is Bitcoin or other cryptocurrencies. The company also plans to start accepting Bitcoin as a payment method in the future.įurther, it’s expected that the global blockchain market will grow from $3 billion in fiscal year 2020 to $39.7 billion by FY2025. Recently, Tesla (NASDAQ: TSLA) was in the news for buying $1.5 billion worth of Bitcoin. There is a strong case for wide adoption of cryptocurrencies and blockchain technology. Of course, it’s not all about the bull market in the crypto space. As a matter of fact, Bitcoin’s market capitalization is now bigger than that of JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Bank of America (NYSE: BAC) combined. The crypto rally does not cease to amaze. The big rally in Bitcoin (CCC: BTC-USD) has taken the crypto euphoria to the next level.
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