Crypto’s hot. It made its fair share of millionaires. The profit potential’s there…
But so are the problems.
For one, security. To keep your crypto safe from cybercriminals, you gotta find the right wallet. Holding your crypto on an exchange could leave it vulnerable to hacking — and hackers love targeting crypto exchanges. Lots of scams out there, too.
And then there’s the volatility. Elon Musk could quite literally tweet a meme and wipe out your entire digital portfolio in seconds.
Not to mention, you need around $50k just to buy 1 Bitcoin. Fractional Bitcoins ain’t gonna do it at this point.
Oh, and I haven’t even covered taxes and keeping track of your cost basis in every slice of crypto you own.
Lucky for you, I have a way you can gain crypto exposure without holding crypto…
And to illustrate, consider this: common business advice is to sell shovels in a gold rush. The miners may or may not strike it rich…
But the people supplying them will make out big!
Now, let’s apply that same logic to crypto.
Instead of looking for the crypto itself… why not invest in the companies related to crypto trading?
I’m talking about crypto mining companies, blockchain firms, and exchanges. These stocks tend to move along with crypto — meaning you can hold stocks while taking advantage of crypto’s profit potential.
This is called a sympathy play.
“But coach, if something bad happens to cryptocurrency, won’t the stocks/ETFs dive as well?”
Well, crypto itself and its surrounding technology may not go away. But trying to pick and choose individual assets within such a new asset class could lead to a lot of losses if you do it wrong.
The stocks/ETFs may temporarily take a hit as well, but potentially not as much since you don’t directly own the crypto here.
Alright, enough background. Let me give you a free pick:
Bit Digital Inc, (BTBT).
This company is a New York-based Bitcoin miner with one of the largest “fleets” of owned Bitcoin mining machines. This stock’s a good start. We’re looking conservatively at 400% potential gains, but it could hit 800% or even 1200% over the next 3 years.
However, that’s not the only crypto sympathy play I have in mind.
There’s another with much bigger profit potential.
We’re talking 1,000% potential gains (12x!) conservatively, based on my analysis.
That means you could potentially turn just $1,000 into $10,000! That’s some crypto-level profit potential without holding the virtual coins at all.
Want to know what company this is?
Here’s how to find out:
