The challenge with this is that a lot of people have the same idea so the “crypto premium” has already been priced in a lot of these stocks. Especially Nvidia and AMD.
A speculative play is a crypto mining company called HIVE Blockchain Technologies (HVBTF). Amazingly, they’re (barely) profitable.
Might be something to think about if you want to get exposure to the crypto markets and you don’t want to own actual cryptocurrencies.
What’s also interesting is their recent price action. It consolidated and is now looking to break out past $1.25, which has been a strong resistance level. A breakout with strong volume (which it’s showing) is a bullish sign.
Even a short-term trade like buy @ $1.25, stop loss @ $1.05 and a profit target @ $1.60 (the red 200 SMA) looks good. Has a nice 3:1 reward-to-risk ratio.
And at $1.25, if you do want to HODL, it’s way cheaper than buying ETH, ETC and ZEC (the cryptos they mine).
If the prices for these crypto go up, then Hive’s share price will probably go up as well.