Cryptocurrencies are in rally mode.
Bitcoin is back up to $35.186. Ethereum is up to $1,353. Even Dogecoin is up 113% today. A good deal of that is thanks to retail and institutional interest. Even Elon Musk added the hashtag #Bitcoin to his Twitter feed, noting, “In retrospect, it was inevitable.”
BlackRock filed prospectuses for two funds that could buy BTC futures contracts. That’s a big sign that institutions are very interested in cryptocurrencies.
Even Bridgewater founder Ray Dalio just said his firm may soon buy Bitcoin.
“I and my colleagues at Bridgewater are intently focusing on alternative storehold of wealth assets and expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity, and Bitcoin won’t escape our scrutiny,” he said, as quoted by Bloomberg.
While you can always buy cryptocurrencies, mining stocks are just as hot.
Some of the top ones to consider are Riot Blockchain (RIOT), Marathon Patent Group (MARA), HIVE Blockchain (HVBTF), and Bit Digital (BTBT).