Markets

Insider Trading

Hedge Funds

Retirement

Opinion

10 Best Bitcoin Stocks To Invest In

In this article, we discuss the best bitcoin stocks to invest in. If you want to skip our discussion on the bitcoin industry, head directly to 5 Best Bitcoin Stocks To Invest In

In November this year, bitcoin reached new highs and other top cryptocurrencies also experienced gains. The spike in cryptocurrency investments is attributed to the expectation of the U.S. Securities and Exchange Commission (SEC) potentially approving the first spot cryptocurrency exchange-traded fund (ETF) on a major U.S. exchange. At the same time, global regulators including the SEC are actively cracking down on digital assets, targeting crypto exchanges and high-profile executives such as Sam Bankman-Fried of FTX and Changpeng Zhao of Binance. However, with the historic settlement imposed by the U.S. Department of Justice on Binance, the cryptocurrency industry can potentially bring an end to a series of scandals and issues, according to Brian Armstrong, the CEO of Coinbase Global, Inc. (NASDAQ:COIN). Armstrong commented during an interview with CNBC’s Joumanna Bercetche:

“The enforcement action against Binance, that’s allowing us to kind of turn the page on that and hopefully close that chapter of history. There are many crypto companies that are helping build the crypto economy and change our financial system globally. But many of them are still small startups. I think that regulatory clarity is going to help bring in more investment, especially from institutions.”

Don’t Miss: 11 Most Profitable Cryptocurrency Stocks

Experts in the cryptocurrency space predict a new bullish phase, as an increasing number of individuals express expectations for bitcoin to reach record levels in 2024, surpassing $100,000. Bitcoin has experienced a surge of over 120% in 2023, leading to widespread optimism that this momentum will persist into 2024. Pascal Gauthier, CEO of Ledger, told CNBC recently: 

“It feels that [2023] was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25.” 

Similarly, Vijay Ayyar, who serves as the vice president of international markets at the cryptocurrency exchange CoinDCX, shared with CNBC: 

“A number of market participants are expecting a bull run some time after the halving, but given the ETF news, we could very well have a run before that leaving most investors on the sidelines. That could cause a massive upward run in the price.” 

See also: 12 Best Cryptocurrency Stocks To Buy According to Hedge Funds

On another positive note, Robinhood Markets, Inc. (NASDAQ:HOOD) is expanding its cryptocurrency trading feature to the European Union, aiming to tap into international markets for growth. The new crypto product enables customers to trade over 25 tokens, including popular ones like bitcoin, ether, ripple, cardano, solana, and polkadot. Robinhood plans to add more tokens and introduce features such as transfer and “staking” for earning crypto rewards in 2024. This move follows the company’s recent announcement about launching stock trades for U.K. customers by early 2024, with a waitlist already open and promising yields of up to 5% on deposits.

At the end of October 2023, Bernstein analyst Gautam Chhugani expressed optimism about a bitcoin exchange-traded fund and said that the price of bitcoin could consequently reach $150,000 by 2025. The positive projection is approximately five times the present price and over twice the previous all-time high for bitcoin in November 2021. Chhugani also expects that the approval of the ETF would result in the allocation of up to 10% of bitcoin’s circulating supply to ETFs. This approval would enable traditional investors to gain direct exposure to bitcoin through their investment portfolios. 

Nevertheless, there are still individuals who heavily criticize cryptocurrencies. For example, JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon on December 6 strongly criticized bitcoin and other cryptocurrencies, stating during a Senate Banking Committee hearing that he has always been vehemently against crypto. Dimon expressed the view that cryptocurrencies should be banned, emphasizing concerns about their primary utility being linked to criminal activities such as money laundering, tax evasion, and drug trafficking. Despite his stance against cryptocurrencies, it’s noteworthy that JPMorgan is actively engaged in blockchain, the underlying technology supporting the $1.6 trillion crypto industry.

Some of the best crypto stocks include CME Group Inc. (NASDAQ:CME), PayPal Holdings, Inc. (NASDAQ:PYPL), and Block, Inc. (NYSE:SQ). However, we specifically focus on bitcoin stocks in this article. 

Our Methodology 

We chose the top bitcoin stocks based on overall hedge fund sentiment toward each stock. We have assessed the hedge fund sentiment from Insider Monkey’s database of 910 elite hedge funds tracked as of the end of the third quarter of 2023. The list is arranged in ascending order of the number of hedge fund holders in each firm. 

Source: PixaBay

Best Bitcoin Stocks To Invest In

10. Bit Digital, Inc. (NASDAQ:BTBT)

Number of Hedge Fund Holders: 4

Bit Digital, Inc. (NASDAQ:BTBT) is active in the bitcoin mining sector, involved in treasury management tasks, digital asset staking and mining operations, and ethereum staking. Established in 2015, Bit Digital, Inc. (NASDAQ:BTBT)’s headquarters are located in New York. In November 2023, Bit Digital, Inc. (NASDAQ:BTBT) produced 142.7 BTC, marking a 24% increase compared to October. As of November 30, 2023, the active hash rate stood at approximately 2.25 EH/s. The company held 551.8 BTC and 16,064.8 ETH in its treasury, with a fair market value of around $20.8 million and $33 million, respectively, on November 30.

According to Insider Monkey’s third quarter database, 4 hedge funds were bullish on Bit Digital, Inc. (NASDAQ:BTBT), same as the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors is a prominent stakeholder of the company, with 68,300 shares worth $146,162. 

Like CME Group Inc. (NASDAQ:CME), PayPal Holdings, Inc. (NASDAQ:PYPL), and Block, Inc. (NYSE:SQ), Bit Digital, Inc. (NASDAQ:BTBT) is one of the best stocks in the crypto space. 

9. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Number of Hedge Fund Holders: 5

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a cryptocurrency mining firm with operations in Canada, Sweden, and Iceland. The company is involved in both the mining and trading of digital currencies, such as Ethereum Classic, Bitcoin, and other coins. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) also manages data centers and provides infrastructure solutions. The company was established in 1987 and its headquarters are situated in Vancouver, Canada. It is one of the best bitcoin stocks to invest in. 

In November 2023, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported the production of 276.3 BTC through a combination of ASIC and GPU mining operations, achieving an average of 66.7 Bitcoin per Exahash. The daily average production for November 2023 was 9.2 BTC. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) maintained an average monthly hashrate of 4.14 EH/s during November, indicating a 5.2% increase compared to the October average of 3.94 EH/s.

According to Insider Monkey’s third quarter database, 5 hedge funds were long HIVE Digital Technologies Ltd. (NASDAQ:HIVE), compared to 4 funds in the last quarter. 

8. Bitfarms Ltd. (NASDAQ:BITF)

Number of Hedge Fund Holders: 5

Bitfarms Ltd. (NASDAQ:BITF) specializes in cryptocurrency coin and token mining operations across Canada, the United States, Paraguay, and Argentina. The company owns and manages server farms dedicated to validating transactions on the Bitcoin Blockchain, thereby earning cryptocurrency through block rewards and transaction fees. The company is headquartered in Toronto, Canada and was established in 2017. Bitfarms Ltd. (NASDAQ:BITF) is one of the best bitcoin stocks to monitor. 

In November 2023, Bitfarms Ltd. (NASDAQ:BITF) reported a production of 392 BTC, a 1.5% decrease from October, attributed to a 19.0% increase in network difficulty. The hash rate reached 6.4 EH/s as of November 30, 2023, marking a 45% rise from the same date in 2022 and a 1.6% increase from October 31, 2023. Bitfarms Ltd. (NASDAQ:BITF) has placed an order for 35,888 high-performance Bitmain T21 miners, scheduled for delivery between March and May 2024. Additionally, Bitfarms Ltd. (NASDAQ:BITF) secured an option to acquire an extra 28,000 T21 miners.

According to Insider Monkey’s third quarter database, 5 hedge funds were bullish on Bitfarms Ltd. (NASDAQ:BITF), compared to 6 funds in the last quarter. Israel Englander’s Millennium Management is the biggest stakeholder of the company, with 1.9 million shares worth $2 million. 

7. TeraWulf Inc. (NASDAQ:WULF)

Number of Hedge Fund Holders: 7

TeraWulf Inc. (NASDAQ:WULF) is a digital asset technology company in the United States. The company is involved in the development, ownership, and operation of bitcoin mining facility sites located in New York and Pennsylvania. It is one of the top bitcoin stocks to monitor. 

On December 4, TeraWulf Inc. (NASDAQ:WULF) reported a November production of 323 bitcoins (BTC-USD), showing a 3% increase compared to October. The growth is primarily attributed to higher network transaction fees and a self-mining capacity with over 95% availability, operating at 5 EH/s. The value per self-mined bitcoin was $36,500.

According to Insider Monkey’s third quarter database, 7 hedge funds were long TeraWulf Inc. (NASDAQ:WULF), up from 4 funds in the preceding quarter. 

6. Iris Energy Limited (NASDAQ:IREN)

Number of Hedge Fund Holders: 8

Iris Energy Limited (NASDAQ:IREN) owns and operates data centers dedicated to bitcoin mining. The company was established in 2018 and is headquartered in Sydney, Australia. In November 2023, Iris Energy Limited (NASDAQ:IREN) mined 369 bitcoins, experiencing a slight decrease from the 376 mined in October. The average operating hashrate for November was 5,551 PH/s, slightly lower than the 5,571 PH/s recorded in October. The company’s mining revenue for November reached $13.7 million, compared to $11.2 million in October. Additionally, the revenue per bitcoin increased to $37,155, up from $29,673 in October. 

According to Insider Monkey’s third quarter database, Iris Energy Limited (NASDAQ:IREN) was part of 8 hedge fund portfolios, the same as the prior quarter. Kerr Neilson’s Platinum Asset Management is the largest stakeholder of the company, with 2.60 million shares worth nearly $10 million. 

In addition to CME Group Inc. (NASDAQ:CME), PayPal Holdings, Inc. (NASDAQ:PYPL), and Block, Inc. (NYSE:SQ), Iris Energy Limited (NASDAQ:IREN) is one of the best crypto stocks to monitor. 

Click to continue reading and see 5 Best Bitcoin Stocks To Invest In

Suggested articles:

Disclosure: None. Best Bitcoin Stocks To Invest In is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!