Crypto Stocks Like MicroStrategy, Coinbase, Marathon Could 'Outperform The Majority Of Crypto Coins,' Says Veteran Trader

Pseudonymous crypto trader Cold Blooded Shiller laid out the case for investing in crypto-related stocks over cryptocurrencies.

What Happened: The trader announced on his X profile that he has been building positions for months, incurring a significant profit.

In his “Ultimate Crypto Stocks” thread, he shared a comparison of crypto stocks and coins, highlighting those stocks such as MicroStrategy MSTR (up 960%) and Coinbase COIN (up 350%), which have outperformed Bitcoin (up 210%) since October 2023.

In the 2021 bull market, crypto stocks like Riot Platforms RIOT (up 10,000%) and Marathon Holdings MARA (up 16,000%) far outpaced Bitcoin's 1,100% gain from the March 2020 lows.

This week, key crypto companies are scheduled to report earnings, with Marathon and Hut 8 HUT on Wednesday, and TeraWulf WULF on Tuesday.

Also Read: MARA Stock Surges 30% On Ohio Power Play Ahead Of Q3 Earnings   

Shiller argues that crypto stocks provide easier access and liquidity for traditional finance investors, especially as U.S.-based crypto stocks may benefit from a more favorable regulatory environment. He mentioned that even with the introduction of spot Bitcoin ETFs, many institutions still prefer crypto stocks.

He also pointed out that stocks allow for diversified exposure to entire crypto ecosystems, not just Bitcoin, with additional options like leveraged positions and options trading.

The trader highlighted the shifting environment in the U.S., with a pro-crypto government potentially boosting the performance of U.S.-based crypto stocks. While his insights offer a compelling perspective, he advised investors to carefully assess their risk tolerance and perform their own research before diving into crypto stocks or coin.

He concluded his thread by providing technical analysis on several crypto stocks and emphasizing the different exposure methods that crypto stocks offer, including options trading.

What’s Next: Crypto-related stocks will be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: 

• Michael Saylor’s MicroStrategy Shares Hit 24-Year High, Jump Most Since Dot-Com Bubble As Bitcoin Nears $90K Mark For The First Time

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