Bitcoin is a topic that remains in controversy almost all the time. Many big firms have tied the knot with cryptocurrency and are likely to deal with digital currency in the future. As per the chart released by IBD, there are certain crypto and Bitcoin stock that shows the best results. According to IBD, several Bitcoin stocks include Coinbase (COIN), ProShares Bitcoin Strategy (BITO), Silvergate Capital (SI), Riot Blockchain (RIOT), and Bitcoin futures ETF, Bitfarms (BITF).
These Bitcoin stocks would be best to buy and watch. But, the users should be cautious as it is highly volatile.
Coinbase:
The company wishes to be highly ranked all the time and wants to become the best digital asset. Recent stock prices of COIN are high and increasing daily.
Silvergate Capital Stock:
Silvergate Bank provides financial assistance for digital currencies and its holding company is Silvergate Capital.
ProShare Bitcoin Strategy:
Being from the category of high volatility, ProShare Bitcoin Strategy ETF is unpredictable. It began trading in October and has performed well so far.
Riot Blockchain:
After the third quarter, Riot Blockchain didn’t perform well, but it is anticipated that it will perform well shortly.
Bitfarms:
Though considered a good Bitcoin stock, it has underperformed this time, as it has fallen below 7.57.
Fluctuations in Bitcoin stocks
There are various reasons that lead to fluctuation in Bitcoin stock prices. The users have found a high level of fluctuations in the prices over the past few years. So, you must wisely invest in any Bitcoin stock based on careful observations of the market.
