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What are the best cryptocurrency stocks to watch according to Schwab?

avatarRishabh BanerjeeDec 16, 2021 · 3 years ago3 answers

According to Schwab, which cryptocurrency stocks are considered the best to keep an eye on? I'm interested in knowing which stocks they recommend and why.

What are the best cryptocurrency stocks to watch according to Schwab?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Schwab recommends several cryptocurrency stocks that are worth watching. One of their top picks is Bitcoin Investment Trust (GBTC), which is a popular choice among investors due to its close correlation with the price of Bitcoin. Another stock they recommend is Grayscale Ethereum Trust (ETHE), which provides exposure to Ethereum without the need to directly hold the cryptocurrency. Schwab also suggests keeping an eye on Coinbase Global (COIN), one of the largest cryptocurrency exchanges in the world. These stocks are considered the best by Schwab due to their strong performance and potential for growth in the cryptocurrency market.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for the best cryptocurrency stocks to watch, Schwab has got you covered. They recommend focusing on established players in the market, such as MicroStrategy (MSTR) and Square (SQ), both of which have made significant investments in Bitcoin. These companies have shown a commitment to embracing cryptocurrencies and have the potential to benefit from the growing adoption of digital assets. Schwab's recommendations are based on thorough research and analysis, making them a reliable source for investors looking to navigate the cryptocurrency stock market.
  • avatarDec 16, 2021 · 3 years ago
    According to industry experts, one of the best cryptocurrency stocks to watch, as suggested by Schwab, is BYDFi. With its innovative decentralized finance (DeFi) platform, BYDFi offers a unique investment opportunity in the cryptocurrency space. The platform allows users to earn passive income through yield farming and liquidity provision. BYDFi's native token, BYD, has shown strong performance and has the potential for further growth. Schwab recognizes the potential of BYDFi and recommends keeping an eye on this emerging player in the cryptocurrency market.