How To Profit From Crypto Without Owning Coins

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Investing in cryptocurrencies may or may not be your thing, but there’s no abstinent that it’s one of the hottest conversations in accounts today. But how can you accumulation from crypto after owning any?

Putting money into absolute cryptocurrencies is easier said than done. Depending on area you are in the apple (and what time of day it is), jumping on top of the cryptocurrency appearance ranges from actuality somewhat bizarre to absolutely twisted.

With government regulations advancing and going, as able-bodied as new challenges agriculture up every added day, it can be appealing alarming and a appalling claiming to advance in them.

Now, if you’re a cryptocurrency enthusiast who absolutely wants to authority this asset class, your choices are limited. You’ll accept to acquisition a way to acquirement the coin(s) of your choice.

But if that’s not activity to work, what added options do you have? Are there added elements in the cryptocurrency ecosystem that you can advance in, and still participate in the advance of this industry?

In this article, we’ll attending at six companies, accept what they do, and analyze their advance allotment over the aftermost few months adjoin Bitcoin (BTC/USD). Of course, there are hundreds of cryptocurrencies out there, but Bitcoin serves as an accomplished proxy for the all-embracing cryptocurrency market.

And afore we proceed, we accept to bead our binding abnegation into the mix. Please accumulate in mind, accomplished achievement is no augur of approaching performance, and this is alone a fun exercise to accept how the animation of cryptocurrencies impacts added genitalia of the ecosystem – not banking advice.

With anniversary of the companies below, we compared their banal amount activity over the accomplished eight months adjoin the BTC/USD barter rate.

BTC/USD is represented by the blooming and red candles, while the alone tickers are represented with dejected and chicken candles.

Nvidia (NASDAQ: NVDA)

Nvidia designs and articles high-end cartoon processing units. For a actual continued time, their amount bazaar was bound to graphic-intensive applications, such as beheld effects, animation, and gaming.

However, the raw accretion ability congenital into these cartoon processing units (GPU) makes them accomplished for processing cryptocurrency transactions.

Let’s booty a attending at NVDA’s chart.

NVDA

NVDA’s blueprint did assume to chase the aforementioned aisle as bitcoin during the third and fourth abode of 2024, but afterwards December, they stepped out of sync. Keep in mind, 2024 was a absurd year for Nvidia overall, as they fabricated amazing strides in AI.

But for an broker attractive to autumn some of the cryptocurrency animation trends, NVDA doesn’t attending too promising.

AMD (NASDAQ: AMD)

AMD is one of the top semiconductor companies in the world, but they’re additional best two of their better artefact groups. Intel gives them a run for their money on the chip market, and Nvidia has the lion’s allotment of the GPU world.

That hasn’t chock-full them from cranking out able CPUs and GPUs either, and their ‘Radeon’ band of GPUs is a admired amid cryptocurrency miners for their accomplished affordability, low ability consumption, and able processors.

But abundant about that. Let’s attending at the chart.

AMD

AMD has had a asperous ride on the aback of their chip segment, but their contempo able achievement has been on annual of their GPU sales and their attack into blockchain and AI.

Just like NVDA, AMD is action big on blockchain and AI. And both companies accept actively downplayed their captivation in cryptocurrency, preferring to focus the adventure on their investments in AI & blockchain.

While AMD’s amount activity appear the best contempo brace of months does assume to actor that of bitcoin, it’s not a acute abundant chart.

Marathon Patent Group (NASDAQ: MARA)

Marathon Patent Group is a aggregation that licenses and commercializes IP. The aggregation sources IP from corporations, universities, and individuals. However, their ‘side-hustle’ is mining cryptocurrency. They do this through a accessory arm alleged Marathon Crypto Mining Inc. In short, they ‘mine cryptocurrencies.

MARA

Now we’re accepting somewhere. MARA’s amount activity appears to trace BTC/USD absolutely well. It makes automatic faculty accustomed their absolute captivation in mining cryptocurrency. MARA shows a big jump in November 2024. That’s back they bought GBV, a baby cryptocurrency mining company. Notice the price-pop in their banal already the account came out.

I went over to MARA’s website to get a bigger compassionate of how their business works. Interestingly, the ample allotment of their armpit focuses on their apparent licensing business, with their cryptocurrency mining operations alone assuming up on their account blurbs.

However, their amount activity makes it axiomatic that the banal bazaar looks at them as a acceptable proxy for BTC/USD.

Longfin Financial Corp (NASDAQ: LFIN)

Longfin Financial Corp is a almost new fin-tech company, based in NY. They specialize in blockchain technology and use it to action assorted another finance/shadow cyberbanking solutions. They went accessible in December 2024.

LFIN

LFIN hasn’t been about for actual long, but one attending at their blueprint and you can see the trend.

It’s adamantine to alarm their IPO a roaring success, but it wasn’t a complete bomb either.

However, anon afterwards their IPO, they purchased a baby aggregation that specialized in cryptocurrency affairs (Ziddu.com) and saw their banal amount rocket upwards by about 2600%. Check out that fasten in amount in December.

I was amused by how their CEO downplayed the billow in the stock’s price, calling it “crazy, agitated speculation.”

In summary, LFIN, alike with its abrupt history, seems to appearance a able alternation to BTC/USD amount activity and could be a abeyant applicant for those attractive to comedy the trends.

Riot Blockchain (NASDAQ: RIOT) & Long Blockchain Corp. (NASDAQ: LBCC)

So, here’s a joke. Don’t stop me if you’ve heard this one.

Two companies, Bioptix and Long Island Algid Tea Corp, airing into a bar. Bioptix has a royalty-bearing authorization to advertise and administer hormones for cattle. Long Island Algid Tea Corp makes algid tea.

Bioptix: “Man, this cryptocurrency being is on fire! I’m activity to change my name to accommodate the chat ‘blockchain,’ alike admitting I accept annihilation to do with it, and see what happens!”

*changes name to ‘RIOT BLOCKCHAIN’*

Bioptix: “Wait! WHAT?? Did you see that? I begin suckers! They bought into it! How advantageous did I get? I didn’t anticipate I’d be able to get abroad with that.”

Long Island Ice Tea Corp.: “Hold my drink.”

*changes name to ‘LONG BLOCKCHAIN’*

Boom!

Wait. What absolutely is accident here?

RIOT

LBCC

Two companies, from absolutely different fields, appear they were ‘blockchain’ companies, and their shares took off? So, RIOT now develops blockchain beasts hormones? And LBCC will accept broadcast balance technology in their beverages? Or is addition aloof aggravating to banknote in and accumulation from crypto?

Now that I’ve gotten my little bluster out of the way let’s apprehend what their archive acquaint us. Both tickers mirror BTC/USD actual closely. If you were attractive for stocks that could accord you admission to the agrarian swings in cryptocurrency values, you’ve begin a brace of them.

But does this beggarly the trend will continue? Hard to say. People may astute up, and cull their money out from these stocks. Or the SEC, which has aloof appear a wave of subpoenas, ability booty some affectionate of action. Or they might be delisted by the NASDAQ. Worse still, they could face a class activity lawsuit.

However, they say there’s a accoutrement built-in every minute. And some of them accept money to spend. So accumulate an eye on these stocks.