4 Crypto-Centric Stocks to Gain as Bitcoin Looks Set to Hit $100,000

Zacks11-22

Key Takeaways Bitcoin reached new record highs on Wednesday, passing $97,000 for the first time. Bitcoin-related stocks such as NVDA, BLK, CME and ACN look poised for strong growth in the near term. ...

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On Wednesday, Bitcoin surpassed $97,000 for the first time, touching a high of $97,628.Market experts had predicted Bitcoin would surpass $80,000 by the end of November after the cryptocurrency retreated in the second and third quarters of 2024 from its previous all-time high of $73,770 attained in March. However, Bitcoin has surpassed expectations in the past few weeks and is now on track to hit $100,000 anytime, fueled by hopes of a friendlier regulatory approach under Trump’s regime.NVIDIA’s expected earnings growth rate for the current year is more than 100%. The Zacks Cons","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4533":"AQR资本管理(全球第二大对冲基金)","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","LU2063271972.USD":"富兰克林创新领域基金","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","ACN":"埃森哲","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","NVDA":"英伟达","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","3NVD.UK":"LS 3X NVIDIA","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","CME":"芝加哥商品交易所","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","BK4135":"资产管理与托管银行","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","NVD":"GraniteShares 2x Short NVDA Daily ETF","BK4548":"巴美列捷福持仓","2NVD.UK":"2X NVIDIA ETP","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","NVDD":"Direxion Daily NVDA Bear 1X Shares","BTC":"Grayscale Bitcoin Mini Trust","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","NVD2.UK":"2X NVIDIA ETP","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","SNVD.UK":"LS -1X NVIDIA","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","NVD3.UK":"LS 3X NVIDIA","NVDS":"Tradr 1.5X Short NVDA Daily ETF","NVDS.UK":"LS -1X NVIDIA","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","BLK":"贝莱德","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC"},"translate_title":"比特币有望触及10万美元，4只以加密货币为中心的股票将上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":1,"BTC":1,"CME":1,"NVDA":1,"ACN":0.9,"NVD3.UK":0.6,"NVD":0.6,"NVD2.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Key Takeaways\n\nBitcoin reached new record highs on Wednesday, passing $97,000 for the first time.\nBitcoin-related stocks such as NVDA, BLK, CME and ACN look poised for strong growth in the near term.\nRegister now to see our 7 Best Stocks for the Next 30 Days report - free today!\n\n\nThe cryptocurrency market has been on a rally, with Bitcoin (BTC) setting multiple new records since Donald Trump’s victory in the U.S. presidential election. On Wednesday, Bitcoin surpassed $97,000 for the first time, touching a high of $97,628.\nMarket experts had predicted Bitcoin would surpass $80,000 by the end of November after the cryptocurrency retreated in the second and third quarters of 2024 from its previous all-time high of $73,770 attained in March. However, Bitcoin has surpassed expectations in the past few weeks and is now on track to hit $100,000 anytime, fueled by hopes of a friendlier regulatory approach under Trump’s regime.\nGiven the positive outlook, investing in Bitcoin-centric stocks like NVIDIA Corporation NVDA, BlackRock, Inc. BLK, CME Group Inc. CME and Accenture plc ACN, which have strong growth potential for the near term, would be a prudent choice. Each of these stocks has seen positive earnings estimate revision in the past 60 days and carries a Zacks Rank #1 (Strong Buy) and 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nBitcoin on Track to Hit $100,000\nThe Bitcoin rally, which started after the Federal Reserve announced a 50-basis point rate cut in September, its first since March 2020, was fueled by Trump’s landslide victory in the U.S. Presidential election.\nBitcoin’s price has more than doubled in 2024, and in the past two weeks since Trump’s win, the cryptocurrency has rallied more than 40%. Over $4 billion has since flown into U.S.-listed Bitcoin ETFs.\nDuring his campaign, Trump vowed to make the United States the “crypto capital of the planet,” including the creation of a strategic Bitcoin reserve and appointing regulators who support digital assets. This optimistic outlook is currently driving Bitcoin's rise.\nAlso, the Federal Reserve lowered interest rates by 25 basis points a day after Trump won the election week, marking its second consecutive rate cut in three months, which is being seen as a positive sign for the crypto market.\n4 Bitcoin-Focused Stocks Likely to Gain\nNVIDIA Corporation\nNVIDIA Corporation is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies.\nNVIDIA’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 1.4% over the last 60 days. Currently, NVIDIA sports a Zacks Rank #1.\nImage Source: Zacks Investment Research\nBlackRock\nBlackRock is one of the world’s largest investment managers and is publicly owned. BLK was among the first companies from the traditional market to join the Bitcoin ETF race back in June 2023.\nBlackRock’s expected earnings growth rate for the current year is 14.3%. The Zacks Consensus Estimate for current-year earnings has improved 4.4% over the past 60 days. BLK currently sports a Zacks Rank #1.\nImage Source: Zacks Investment Research\nCME Group\nCME Group Inc.’s options give the buyer of the call/put the right to buy/sell cryptocurrency futures contracts at a specific price at some future date. CME offers Bitcoin and ether options based on the exchange's cash-settled standard and micro-Bitcoin and Ethereum futures contracts.\nCME Group’s expected earnings growth rate for the current year is 9.4%. The Zacks Consensus Estimate for current-year earnings has improved 3.1% over the last 60 days. CME presently has a Zacks Rank #2.\nImage Source: Zacks Investment Research\nAccenture plc\nAccenture plc is a worldwide system integrator that offers consulting, technology and various other services. The company promotes Ethereum-based blockchain solutions to businesses, aiming to simplify payment processing.\nAccenture’s expected earnings growth rate for the current year is 6.9%. The Zacks Consensus Estimate for current-year earnings has improved 3.2% over the last 60 days. ACN currently carries a Zacks Rank #2.\nImage Source: Zacks Investment Research\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCME Group Inc. (CME) : Free Stock Analysis Report\nAccenture PLC (ACN) : Free Stock Analysis Report\nBlackRock, Inc. (BLK) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485044032"}