{"id":41526,"date":"2024-11-17T17:49:24","date_gmt":"2024-11-17T17:49:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/top-2-crypto-mining-stocks-to-buy-as-analyst-forecasts-bitcoin-hitting-200000\/"},"modified":"2024-11-17T17:49:24","modified_gmt":"2024-11-17T17:49:24","slug":"top-2-crypto-mining-stocks-to-buy-as-analyst-forecasts-bitcoin-hitting-200000","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/top-2-crypto-mining-stocks-to-buy-as-analyst-forecasts-bitcoin-hitting-200000\/","title":{"rendered":"Top 2 crypto mining stocks to buy as analyst forecasts Bitcoin hitting $200,000"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Bitcoin has celebrated the return of Donald Trump<\/a> to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi.<\/p>\n

Joshi expects BTC to eventually be worth more than $200,000.<\/p>\n

He sees Bitcoin as a non-confiscatable asset that accounts for under 10% of the total market for such assets. \u201cAs bitcoin\u2019s share of this market increases, and the supply of bitcoins reaches its upper limit, bitcoin\u2019s price has substantial upside,\u201d he told clients in a recent research note.<\/p>\n

Bitcoin mining stocks tend to be an incredible investment vehicle to play the expected strength in Bitcoin. They even outperformed BTC in bull markets before 2024. \u00a0\u00a0<\/p>\n

Having said that, here are the top 2 crypto mining stocks that are worth owning as BCA Research forecasts Bitcoin to hit $200,000 in the coming years.<\/p>\n

CleanSpark Inc (NASDAQ: CLSK)<\/h2>\n

CleanSpark is a pure-play crypto miner that stands to benefit from a continued rally in Bitcoin.<\/p>\n

The company based out of Henderson, Nevada more than doubled its revenue to $104 million<\/a> and that momentum will likely get stronger only as BTC extends its gains in 2025.<\/p>\n

Bitcoin price increase is typically a tailwind for crypto mining stocks at large as it tends to boost their profitability. Bitcoin miners earn rewards in Bitcoin for verifying transactions. So, when the BTC price rallies, their mining rewards are worth more.<\/p>\n

But CLSK looks particularly well positioned to benefit from Bitcoin strength as it\u2019s currently down about 45% versus its year-to-date high in late March.<\/p>\n

CleanSpark stock does not, however, pay a dividend.<\/p>\n

Riot Platforms Inc (NASDAQ: RIOT)<\/h2>\n

Riot Platforms has been a disappointment for its shareholders this year but that could change in the coming months as Bitcoin continues its journey towards the projected $200,000.<\/p>\n

That\u2019s because it currently owns and operates the largest Bitcoin mining facility in terms of developed capacity in North America.<\/p>\n

\u201cRiot has 1 GW+ energy assets and is positioned to be amongst the top three miners. Investors like miners for energy and AI optionality, but it\u2019s time to buy bitcoin miners for the bitcoin trade,\u201d Bernstein analyst Gautam Chhugani wrote in a recent note.<\/p>\n

Donald Trump has already committed to all Bitcoin to be mined in the US. Riot stock could benefit as the 47th<\/sup> President of the United States delivers on that promise.<\/p>\n

Riot Platforms came in 7.5% below experts\u2019 forecast in its latest reported quarter. <\/p>\n

But its stock remains worth owning as the management expects revenue to grow by 51% on average<\/a> over the next three years.<\/p>\n

Much like shares of CleanSpark Inc., Riot Platforms does not pay a dividend in writing either. \u00a0<\/p>\n

The post Top 2 crypto mining stocks to buy as analyst forecasts Bitcoin hitting $200,000<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) Bitcoin has celebrated the return of Donald Trump to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi. Joshi expects BTC to eventually be worth more than $200,000. He sees Bitcoin as a non-confiscatable asset that […]<\/p>\n","protected":false},"author":30,"featured_media":41527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41526"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41526"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41527"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}