I have added the following names to the Crypto Picks list even though they trade on major U.S. stock exchanges:
COIN, MSTR, BRPHF, MARA, HUT, CLSK, BITF
They should benefit from the rising price of bitcoin as they are heavily exposed, reinvesting profits into bitcoin. Stocks such as MSTR are starting to mirror the price movement of bitcoin as a become "bitcoinized":
This is not the first time most of these names have been mentioned. Here are a few prior reports on the matter:
As the metrics have shown once again, this time throughout the summer crypto correction, bitcoin, ethereum, and altcoins are still in the throes of a major bull run.
Volatility is pronounced so position size accordingly.
Market Lab Report / Crypto Report - COIN, MSTR, BRPHF, MARA, HUT, CLSK, BITF
|Published:||8 Nov 2021 14:59 ET|
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