Best Crypto Stocks for 2021: A Comprehensive Guide

Introduction

Investing in cryptocurrencies has become increasingly popular in recent years, with many investors seeking lucrative opportunities in this digital asset class. However, apart from directly buying and holding cryptocurrencies, another way to gain exposure to the crypto market is through investing in crypto stocks. In this article, we will explore some of the best crypto stocks to consider in 2021.

1. Coinbase (COIN)

Coinbase is a leading cryptocurrency exchange platform that went public in 2021, making it one of the most anticipated crypto stocks to invest in. As one of the largest crypto exchanges globally, Coinbase offers exposure to the broader crypto market and has a strong track record of growth.

2. MicroStrategy (MSTR)

MicroStrategy, a business intelligence company, made headlines by investing a significant portion of its treasury reserve into Bitcoin. This move attracted attention from institutional investors and propelled MicroStrategy's stock price. With its Bitcoin holdings acting as a proxy for crypto investments, MicroStrategy provides an indirect way to invest in cryptocurrencies.

3. Square (SQ)

Square, the payment processing company co-founded by Jack Dorsey, ventured into the crypto space by enabling Bitcoin purchases for its users. Square's Cash App allows users to buy and sell Bitcoin, providing exposure to cryptocurrencies. Additionally, Square has been steadily increasing its Bitcoin holdings, which could further impact its stock price positively.

4. NVIDIA (NVDA)

While not a direct crypto company, NVIDIA plays a crucial role in the crypto ecosystem. The company's powerful GPUs are extensively used for mining cryptocurrencies, making it an essential player in the industry. As crypto mining activities continue to thrive, NVIDIA's stock has the potential to benefit from increased demand for its products.

5. PayPal (PYPL)

PayPal, a global leader in online payments, has embraced cryptocurrencies by allowing users to buy, hold, and sell various cryptocurrencies directly on its platform. This move has significantly increased mainstream adoption and interest in cryptocurrencies. As cryptocurrencies gain more acceptance, PayPal's crypto initiatives could positively impact its stock price.

6. Riot Blockchain (RIOT)

Riot Blockchain is a cryptocurrency mining company that provides investors with direct exposure to the industry. As cryptocurrencies become more prominent, the demand for mining services and infrastructure is expected to increase. Riot Blockchain's mining operations and strategic investments in the crypto space make it an attractive choice for investors seeking exposure to this sector.

Conclusion

Investing in crypto stocks can be an alternative way to gain exposure to the cryptocurrency market without directly buying and holding digital assets. This article highlighted several top crypto stocks for investors to consider in 2021, such as Coinbase, MicroStrategy, Square, NVIDIA, PayPal, and Riot Blockchain. However, as with any investment, thorough research and careful consideration of one's financial goals and risk tolerance are essential before making any investment decisions.

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