Bitcoin rose to an all-time high of $64 per coin on April 14 but subsequently fell to $48 by the month-end. Bitcoin’s price has already doubled due to mainstream investors finding cryptocurrency investments appealing. The institutions, such as Goldman Sachs, are looking to issue Bitcoin (or crypto-related) derivatives. Bitcoin is gaining in market capability to become a competitor to gold. Bitcoin investment is an excellent way to get direct exposure to the digital currency market. When well-known companies like PayPal Holdings, Inc. get involved, everyone pays attention. This new trend has forced banks and other traditional financial institutions to introduce more alternative crypto. The Graphics Processing Unit made NVIDIA Corporation the most profitable in 1999. The company plays a vital role in machine learning and GPU integration.
Insider Monkey discusses the list of the 10 best bitcoin stocks to buy now. The9 Limited was formerly known as GameNow, which created mobile game hits like “CrossFire: Zero”. Shares of The9’s shares increased 331% over the previous year. 9th on the list of the best bitcoin-related stocks is Bit Digital, Inc. It started bitcoin mining in March of 2020 in New York City. The full-year Bitcoin company revenue is $21.7 million. Next is Canaan Inc. that develops supercomputers and blockchain systems. They anticipate a first-quarter net sales run of at least $61.8 million (400 million dollars). Cleaner Spark ranks 7th in our list of the top 10 picks; the Utah-based software company offers advanced energy management as a plug-and-and-and-play business. Additionally, the firm has direct control over 200 PH/s of Bitcoin miners. Riot Blockchain ranks 6th on our current buy list. The company was formed in 2000 and is based in Castle Rock, Colorado. The share price has gone up 3.35% in the last year. More details of these companies are in the article 10 Best Bitcoin Stocks to Buy Now.
