Blockchain Stocks Poised for Growth as Cryptocurrencies Gain Mainstream Acceptance
• Coinbase (COIN) is a major cryptocurrency exchange well-positioned for growth due to its role in Bitcoin spot ETFs. EPS and revenue expected to surge through 2024.
• Riot Blockchain (RIOT) focuses on Bitcoin mining and is one of the largest crypto miners in North America. Stock up 91% in past year and further 44% upside expected.
• Nvidia (NVDA) GPUs crucial for crypto mining. Massive 667% EPS growth in 2024 expected, with double-digit EPS increases predicted through 2028.
• Wider acceptance of cryptocurrencies as valid investments could power returns of these blockchain stocks.
• Research showing cryptocurrencies can improve portfolio risk-adjusted returns may appeal to more investors.