What to Watch When Investing in Crypto Stocks?
Bitcoin has pulled back to $108,579. Recently, hype around crypto-related stocks has cooled, but many still believe the bull market isn’t over under Trump’s term. That said, performance among crypto stocks has started to diverge sharply.
Crypto is becoming more “Wall Street-like,” with tokens, miners, and exchanges increasingly tied to U.S. equities. If you want exposure, here are the 4 main types of crypto-related stocks to watch:
1. Stablecoin Plays
Think of them as the bridge between traditional finance and crypto. $Circle Internet Corp.(CRCL)$ , Tether, and Paxos are the big names. Risks are relatively low, but growth ceiling is limited. Perfect for institutions looking for steady exposure.
2. Exchanges
$Coinbase Global, Inc.(COIN)$ and $Robinhood(HOOD)$ dominate here. Unlike 2021’s retail-driven frenzy, this cycle is institution-led (institutions now make up 40%+ of trading). For exchanges, watch metrics like custody revenue growth, institutional margin balances, and regulated derivatives expansion. Robinhood is moving faster with diversification, while Kraken is waiting in the wings with IPO plans.
3. Miners
$Riot Platforms(RIOT)$ , $MARA Holdings(MARA)$ , $CleanSpark, Inc.(CLSK)$ and others are essentially high-beta plays on Bitcoin. Miners thrive in bull markets but bleed in bear cycles. U.S. mining share is rising to 38%, with Trump’s energy plan potentially lowering power costs by 15–20%. Scale and capital strength matter most.
4. Crypto Treasuries
$Strategy(MSTR)$ pioneered the “raise funds → buy Bitcoin → push price up” loop. Others like $SharpLink Gaming(SBET)$ and $Tron Inc.(TRON)$ follow similar models for ETH, Solana, or TRON. These plays carry the highest upside — but also leverage and regulatory risks. They’re for investors with strong risk appetite and deep due diligence skills.
In short: Stablecoins + Exchanges = Infrastructure.
Miners + Treasuries = High-risk, high-reward bets.
💬 What about you?
Would you prefer stable, infrastructure-style plays (stablecoins/exchanges) or go after high-risk miners/treasuries?
Do you think Robinhood could outgrow Coinbase in this cycle?
With BMNR’s lock-up shares set to be released on Sept 2, should investors consider exiting early?
More importantly, what key factors should guide stock selection in the crypto space?
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Miners and treasuries are high-risk side bets. Miners might gain from lower energy costs but remain tied to Bitcoin’s swings. Treasuries like $MicroStrategy(MSTR)$ carry big upside but act like leveraged crypto, so I’d only take small positions. Between Coinbase and Robinhood, I see Robinhood ahead thanks to diversification and its broader user mix.
For $BitMine Immersion Technologies Inc.(BMNR)$ lock-up, I’d be cautious since pressure usually leans downward. Overall, I focus on scalability, regulatory resilience, and balance sheet strength when selecting crypto stocks — favoring models that endure cycles over chasing extreme volatility.
@Tiger_comments @TigerStars
@TigerStars @Tiger_comments
@WILDHAN @Tiger_comments @TigerStars @Zara
Stablecoins such as USDT & USDC are designed to maintain a steady value, typically pegged to fiat currencies like the US Dollar.
Stablecoins enable fast, borderless payments without the wild swings of Bitcoin and Ethereum.
In 2024, stablecoins processed USD 27.6 trillion in transactions, more than Visa & Mastercard combined.
Crypto Exchanges like Coinbase, Binance are the gateways to Cryptocurrencies.
Coinbase is the largest US crypto exchange. It facilitates price discovery and market access. Coinbase also provides custody & security for assets and act as liquidity hubs too.
Without exchanges, Crypto would be a fragmented jungle. With them it becomes a navigable landscape.
If Bitcoin is gold, Stablecoins & Exchanges are the vault and the bank of Cryptocurrencies.
@Tiger_comments @TigerStars
1. Stablecoins plays: CRCL
2. Exchanges: COIN, HOOD
3. Miners: RIOT, MARA, etc
4. Crypto Treasuries: MSTR, SBET, etc
Personally, I prefer SBET, as a high risk and high reward play on cryptos.
Cryptocurrency stocks are highly volatile, often moving in tandem with crypto prices like Bitcoin and Ethereum. For instance, Bitcoin’s price surged past $100,000 in December 2024 but has seen significant fluctuations since, impacting related stocks. Monitor crypto market trends and how they affect companies like Coinbase (COIN), MicroStrategy (MSTR), or crypto ETFs. Be prepared for sharp price swings, as crypto stocks can be more volatile than the underlying assets due to operational risks.
Company Fundamentals and Crypto Exposure
evaluate the direct or indirect exposure
direct MSTR
indirect NVDA
When it comes to the comparison of Robinhood vs. Coinbase, I feel that Robinhood's growth in this cycle may surpass Coinbase in some dimensions. Robinhood itself has a broader customer base, covering users of traditional stocks, ETFs and encrypted assets. When market sentiment picks up and retail investors return, they naturally benefit. However, Coinbase relies on more heavily encrypted native users, and user growth may be limited. However, Coinbase still has advantages in compliance, international layout and institutional services, so if we simply look at the growth of transaction volume, Robinhood may be able to surpass it, but if we look at the long-term moat, Coinbase's brand and regulatory status cannot be ignored.
As for BMNR's locked stocks that will be lifted on September 2nd, I think investors do need to be careful. Lifting the ban often means potential selling pressure, especially early shareholders may choose to settle down. Before the news is fulfilled, the market usually reacts in advance. If there is a lack of new positive fundamentals, the probability of short-term pressure on the stock price is not small. Therefore, conservative investors can consider partially withdrawing in advance, at least reducing their positions and leaving some to observe the market outlook.
Finally, when choosing crypto-related stocks, I think there are a few key factors that must be focused on:
First, the regulatory environment, which is the biggest risk point that determines whether an enterprise can operate for a long time;
Second, cash flow and expense structure, especially whether it can maintain positive operations in a bear market;
Third, the user ecology and moat, whether they rely on a single business or have multiple incomes;
Fourth, the macro environment, including changes in interest rates and risk appetite, directly determines whether funds are willing to enter high-risk areas.
Overall, my strategy is to use infrastructure as the bottom position, supplemented by a small number of high-risk assets to gain flexibility, and use the method of "seeking progress while maintaining stability" to find certainty in the fluctuation cycle of encryption investment.
I don’t think Robinhood would outgrow Coinbase especially when demand seems to be fizzling off and also the looming risk of a potential recession though that seems to have reduced.
I expect great volatility when BMNR’s shares are released and I would prefer to lock in any profits. 2nd September or the next 2 days might present with good buying opportunities.
I think crypto investment can be hard. It might be easier to trade based on momentum and exit quickly when the momentum breaks. There is probably not much fundamentals but more of market sentiment.
1️⃣ Crypto price trend – BTC and ETH set the tone; sustained strength above $110K and $4.5K is bullish for sector names.
2️⃣ Company-specific risks – e.g. BMNR’s 9/2 lock-up expiry could trigger short-term volatility as insiders unlock shares.
3️⃣ Regulation & flows – stablecoin legislation and ETF inflows/outflows heavily influence liquidity-sensitive names like COIN and CRCL.
Short-term corrections are normal, but the long-term bull case depends on adoption, on-chain activity, and capital flows. Play volatility tactically, respect support levels.
I’m not a financial advisor. Trade wisely, Comrades!