It’s been a trying year for bitcoin, other digital currencies, and crypto-correlated stocks, and while the near-term outlook is split between some fledgling optimism and expectations of an extension of the “crypto winter.”
Obviously, weary investors and crypto devotees would prefer to see optimism morph into tangible results because if that happens, benefits could be widespread, including accrual to exchange traded funds such as the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC).
Both ETFs feature exposure to the Grayscale Bitcoin Trust BTC (GBTC). From there, the lineups, in differing forms, are chock full of crypto-correlated equities. In other words, BLKC and SATO make for predictable though potent beneficiaries should bitcoin and other digital assets rebound.
Count Morgan Stanley Chief Investment Officer (CIO) Mike Wilson among the market observers that are near-term bullish on bitcoin.
“...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...