One Surprising Crypto Stock to Buy Before It Soars 100%
In the current crypto landscape, all eyes are fixated on Bitcoin (CRYPTO: BTC), and rightfully so. The recent approval of novel spot Bitcoin ETFs has propelled Bitcoin’s popularity to unprecedented heights.
However, if you broaden your perspective, a cluster of stocks awaits, poised to capitalize on potential Bitcoin upswings. One particularly intriguing prospect on my radar is MicroStrategy (NASDAQ: MSTR). This might raise eyebrows, considering MicroStrategy’s core identity as an enterprise software company. Yet, delving deeper reveals why this stock has the potential to ascend by a staggering 100% or more within the year.
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MicroStrategy, an Unconventional Bitcoin Proxy Stock
The initial insight into MicroStrategy is its substantial Bitcoin holdings. To put it bluntly, the company possesses an enormous amount. Following a recent acquisition spree in late 2023, MicroStrategy’s Bitcoin holdings now stand at an impressive 189,150 Bitcoins. Surpassing all publicly traded companies, the lead is substantial and unmatched. At the current Bitcoin valuation of $42,500, these holdings translate to an approximate value of $8 billion.
The ongoing focus among crypto investors on Bitcoin is entirely justified, especially with the recent green light for spot Bitcoin ETFs amplifying its allure. However, by shifting your gaze to the broader market, specific stocks, like MicroStrategy, emerge as beneficiaries primed for substantial gains. Despite its primary identity as an enterprise software entity, MicroStrategy’s unique characteristics position it as an unexpected yet promising avenue for potential profits, with a projected surge of 100% or more in the coming year.
Want to learn more about bitcoin mining or start mining yourself?
“This data underscores considerably stronger profitability in the mining sector compared to challenges experienced in 2022 and part of 2023.”
In approximately six months, Bitcoin undergo a “halving,” reducing the new bitcoins awarded to miners by half. Satoshi Nakamoto introduced this event in 2009 as an anti-inflationary measure. Occurring roughly every four years, the lead-up to halvings traditionally proves the most profitable time for crypto investors. “Buying bitcoin six months before a halving and selling 18 months after has historically outperformed a ‘buy and hold’ strategy,” affirms the analyst.
Bitcoin mining explained.
Bitcoin Mining is the industry where the largest institutional party BlackRock is betting big and has recently become majority shareholder in four of the five largest mining companies.
You buy one or more Bitcoin mining machines and within 6-8 weeks it is mining for you with a current rate of 5.2 cents including hosting. Security and maintenance. What does a miner cost? How can these power rates be so low? Want to know more?
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Full article about mining in depth you can find here. Bitcoin mining – Buy Low Mine High.
The simple way how smart investors can profit from a broken banking system. How crypto miners made 16.7 billion USD in 1 year and how we can get a piece of it. How anyone can make money with crypto mining within 4-8 weeks, regardless of your knowledge or experience.
