For many alternative assets, there’s simply no way to make a liquid trade on an exchange. For those who care about fine art, the wine market, rare stamps or coins, there’s no easy fund to buy into. However, investors in the latest new asset class, cryptocurrencies, are finding an increasing number of options.
It’s now been a year since major payment platforms have allowed users to park their cash in crypto names instead. A number of brokerage firms allow such trades as well.
But there are ways to play the trend without directly investing in the trend. One way might include betting on cryptocurrency mining stocks. These companies have been investing in technology to mine cryptocurrencies, and have been keeping as much of their mined totals on their books, only selling what’s needed, or issuing shares or adding debt, to pay current expenses.
- Hidden Stock Under $5 Holds Tech World Hostage
Tech monsters like Apple, Amazon, Microsoft and many more can no longer avoid doing business with this one company that trades for less than $5...
All of them are held hostage by the CEO's brilliant business tactics.
And what's even crazier...
Is that his tactics reach all the way to the public.
He intentionally set up his company's stock under a secret trade name...
Did he fool you too?
Among the crypto players today, all could shoot higher on a jump in cryptos. Riot Blockchain (RIOT) took a big dive last week on a report they were spending more to increase their mining capacity. As long as crypto prices move higher, that’s actually a bullish sign.
Action to take: Daily volatility can easily hit double-digits for this company, so investors and traders alike could do well with shares in a crypto rally.
For traders, a potential rally in the next few months make the June 2022 $50 calls interesting. The option is already pricey, going for about $9.30, but on a strong enough rally, the option could still deliver triple-digit returns.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.