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…
