I think these companies shifting towards ETH and SOL is a smart move. When bitcoin rises, the other cryptocurrencies should also rise along. I believe this is just a matter of time and the value of these companies and their stock will rise along. I think this is just a strategy by these companies to increase their worth. As a retail investor, I prefer MSTR and COIN as these are closer to investing in cryptocurrency than those companies. These companies have other businesses not directly related to cryptocurrency unless they allow the use of cryptocurrency as a form of payment. I would prefer to invest in companies with sound business model whose assets would not be subjected to the volatility of cryptocurrency. I would love to see ETFs for cryptocurrency to allow retail investors to invest it like stocks. There is no telling which companies would accumulate cryptocurrency but those who are pro crypto like musk and trump might see Tesla and DJT accumulating.
What Should You Watch When Investing in Crypto Stocks?
Recently, the hype around crypto-related stocks has cooled, but some believe that the crypto bull market is not yet over during Trump’s term. However, the performance of crypto stocks has diverged significantly. With BMNR’s lock-up shares set to be released on 9/2, should investors exit early? What key points should be considered when selecting crypto stocks?
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