Are you looking to invest in cryptocurrency stocks? If so, now is the perfect time to do your research and find the best cryptocurrency stocks to buy in 2023. With the significant gains of Bitcoin and other top cryptos during the last few years, people are becoming more aware of the potential upside that the cryptocurrency space has.
In this article, we discuss some of the top picks for investing in cryptocurrency stocks in the coming year and beyond. We’ll examine their potential value proposition and why we think they have good upside potential in the long run.
What is a crypto stock?
A crypto stock is simply a company that has invested significantly in cryptocurrency or blockchain technology. These companies are publicly traded on the stock market, so they can be bought and sold just like any other stock.
Crypto stocks offer investors an opportunity to profit from the success of cryptocurrencies without actually having to buy coins directly. This means that you don’t have to worry about keeping your portfolio secure or figuring out which coins are going to perform best in the future. Instead, you can accumulate these stocks as a more reliable way of investing in the booming crypto world.
These stocks also offer a chance for institutional investors to get involved in the crypto markets without having to worry about regulatory requirements.
How to pick cryptocurrency stocks?
First, you’ll want to do some research and make sure the company has established itself in the cryptocurrency sector. Check out their financial performance and track record, as well as any partnerships or collaborations they may have. You’ll also want to pay attention to their current product offerings and how they compare to their competitors. Lastly, you’ll want to look for stocks with the potential for growth in the next few years – this can help ensure that your investments pay off!
The top crypto stocks to invest in
MicroStrategy Inc. (MSTR)
MicroStrategy Inc. (MSTR) is a technology company that provides enterprise analytics and mobility software. Founded in 1989, the company has grown to become the largest independent publicly traded analytics and business intelligence company. The MicroStrategy analytics platform is designed to help organizations make better decisions by providing powerful data experiences that fuel innovation.
The platform offers a range of products, including mobile applications, cloud-based services, and business intelligence solutions. It also provides tools for data visualization, predictive analytics, artificial intelligence, and more. With these tools, businesses can access real-time insights into their operations and gain valuable insights into customer behaviour and trends.
MSTR has recently made a major move into the cryptocurrency space by investing over $1 billion in Bitcoin, significantly increasing the firm’s market cap. This shows that the company and its founder, Michael Saylor, are firm believers in the future of Bitcoin and committed to staying ahead of the curve when it comes to digital assets and the blockchain.
Coinbase Global Inc. (COIN)
Coinbase Global Inc. (COIN) is a financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy. Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. It offers crypto-powered technologies, including self-custody solutions, an institutional prime brokerage service, and a suite of products for retail investors.
Investing in COIN can be beneficial for investors looking to gain exposure to cryptocurrencies without having to purchase them directly or through other exchanges or wallets. Coinbase also offers merchant tools that enable companies to accept payments in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc., making it easier for businesses to integrate crypto payments into their operations.
NVIDIA Corporation (NVDA)
NVIDIA Corporation (NVDA) is a leading technology company that specializes in graphics processing units, mobile technologies, and desktop computers. Founded in 1993 and headquartered in Santa Clara, California, NVIDIA has become one of the most successful companies in the tech industry. As a cryptocurrency stock, NVIDIA offers investors a unique opportunity to capitalize on the growth of digital currencies and blockchain technology.
NVIDIA’s success is largely due to its focus on developing cutting-edge technologies for gaming, AI, and cloud computing applications. The company has invested heavily in research and development to create powerful GPUs that can handle complex tasks such as deep learning algorithms and 3D rendering. Additionally, NVIDIA has been at the forefront of developing new technologies for blockchain applications, such as distributed ledgers and smart contracts.
Furthermore, NVIDIA’s market capitalization has seen tremendous growth over the past few years as demand for its products continues to increase. This is due to the increasing popularity of cryptocurrencies such as Bitcoin and Ethereum, which require powerful GPUs for mining operations. Additionally, NVIDIA’s strong financials have made it an attractive investment option for many investors looking to diversify their portfolios with cryptocurrency stocks.
Advanced Micro Devices Inc. (AMD)
Advanced Micro Devices Inc. (AMD) is a great investment for those looking to diversify their cryptocurrency portfolio. AMD has been at the forefront of blockchain technology since its inception, and its combination of CPU and GPU technologies make it an ideal choice for those looking to make fast and secure transactions.
The graphics processing units (GPUs) found in graphics cards were also used to mine cryptocurrencies such as Ethereum, though Bitcoin miners have typically favoured other hardware solutions. Despite this, AMD remains an attractive option for those looking to invest in cryptocurrency stocks due to its strong presence in both the traditional and digital markets.
Block (SQ)
Block (SQ) – formerly Square – has been making waves in the fintech industry since its initial public offering. The company offers a wide range of financial services, including cryptocurrency trading and payment processing. Block’s stock price has been volatile since its IPO, but it has also seen some impressive gains over the past few years.
The company’s Cash App allows users to buy and sell Bitcoin with ease, while its Cash Card debit card allows customers to spend their cryptocurrency holdings without having to convert them into fiat currency. Additionally, Block recently announced a new investment framework which Wall Street analysts have praised for its potential to increase shareholder value.
Overall, Block is a viable investment for those looking to get involved in the crypto market. It provides a safe and secure platform for buying and selling digital assets, as well as access to innovative financial services such as its Cash App and Cash Card debit card. With its strong track record of success and increasing investor confidence, Block could be an attractive option for those looking to invest in cryptocurrencies.
PayPal Holdings (PYPL)
PayPal Holdings (PYPL) is a great investment for those looking to enter the cryptocurrency market as it offers users a safe, secure and user-friendly platform on which to make payments. The company recently added an option that allows its users to buy, sell and hold digital currencies, including Bitcoin, Litecoin, and Ethereum, demonstrating its commitment to the new crypto asset class.
PayPal‘s wide range of services, including its merchant payment processing capabilities and credit card offerings, provides investors with access to the traditional financial system while still remaining involved in cryptocurrency activities. PayPal’s strong track record of success when it comes to security and transaction speed appeals to both institutional and retail investors alike.
Marathon Digital (MARA)
Marathon Digital (MARA) is a digital asset company that specializes in mining Bitcoin. Despite the recent downturn in the price of Bitcoin – which caused significant stress to several crypto mining companies – Marathon announced that their cost of mining a Bitcoin is around $6200.
This cost is well below the threshold needed for turning a profit and makes it an attractive stock option for investors who want to take advantage of the potential returns from investing in cryptocurrencies.
CME Group (CME)
CME Group, the world’s largest financial derivatives exchange, has been at the forefront of the cryptocurrency derivatives market since it established the first market for Bitcoin futures at the end of 2017. This move was seen as a significant milestone for the cryptocurrency industry as it provided a level of legitimacy to Bitcoin, which had previously been considered a speculative investment.
CME Group’s exchange allows investors to trade futures and options on a diverse assortment of assets, including agricultural and mining products, energy, stocks, and currencies. It’s the latter that has made CME Group a leader in the crypto industry. In addition to Bitcoin futures, the company created a market for options on Bitcoin futures at the start of 2020.
As of March 2022, ETH also had futures available on the exchange. This was another significant step for the CME Group, as Ethereum is the second-largest crypto project by market cap.
While crypto derivatives are still a small market for CME Group, the company is committed to expanding its offerings in this area. Adding other cryptocurrencies in the future is not only possible, but it’s also likely. This is good news for those who are looking for new opportunities to diversify their portfolios and gain exposure to the cryptocurrency market.
FAQ
Where can you buy cryptocurrency stocks?
Cryptocurrency stocks are just like any other shares on the stock market and can be bought from exchanges where they are listed, such as the Nasdaq Composite or NYSE in the U.S. To purchase these stocks, investors will need to have an online brokerage account.
Are crypto stocks a good investment?
Crypto stocks can be highly volatile, so it is important to do research and understand the risks before buying. You should remember that the crypto industry is still relatively new, but the user base is growing exponentially.
While there can never be guarantees about the future profitability of an investment, if you believe in blockchain tech, the potential for significant upside is real. Ultimately, crypto stocks provide an opportunity for investors who are interested in diversifying their portfolios with more digital assets.
How to invest in crypto stocks?
Investing in crypto stocks is similar to investing in other shares, you buy them from the stock market. You will need to open an online brokerage account, search for the crypto stocks you are interested in, and then place a buy order. Before investing, it is important to understand the associated risks and do your own research.
Additionally, as you become more familiar with the technology, crypto exchanges also allow investors to purchase cryptocurrencies directly, so you may wish to consider both options when deciding how to allocate your funds.
