Top Ways to Trade the Bitcoin FOMO Rally – 2/28

The Bitcoin rally is just getting underway, we noted a couple weeks ago.

In fact, as it now nears $60,000, Bitcoin could easily see higher highs. 

According to analysts at Bernstein, “Bitcoin’s best days are yet to happen as the ETF-driven market fuels fears of missing out (FOMO). In this context, they believe BTC is well-placed to soar to new record highs.”

On top of that, we have the Bitcoin halving coming up.

“Initially, Bernstein forecasted a Bitcoin rally following its halving event. However, given the massive success of the ETF launch and the continuous inflow into ETFs, analysts now anticipate a Bitcoin rally before the halving event,” added CoinMarketCap.com.

Plus, with a potential government shutdown, Bitcoin could rally even more.

While you can always just trade Bitcoin, here are a few stocks rallying right along with it.

Company: Marathon Digital (MARA)

Mining stocks, like Marathon Digital (MARA) are some of the best ways to trade Bitcoin. That’s because the higher BTC goes, mining stocks are sure to follow. After all, its earnings potential is based on how well Bitcoin is doing. Helping, the company now holds 15,741 BTC as of Jan. 31. Even better, MARA just reported a 58% jump in the number BTC produced in January 2024.

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Company: Riot Platforms (RIOT)

Another hot mining stock is Riot Platforms (RIOT).

According to the company, “As we approach the halving, which is expected to occur in April 2024, Riot also intends to leverage our ability to obtain Bitcoin at a significant discount to its current market price by retaining a greater proportion of our monthly Bitcoin production in the near term. This is made possible by our strong liquidity profile, and will further cement our position as one of the largest holders of Bitcoin.”

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Company: MicroStrategy (MSTR)

With MicroStrategy (MSTR), the stock can push even higher. All because it holds about 190,000 Bitcoin, which is currently worth about $9.5 billion. Just like with the miners, the higher the value of Bitcoin, the higher the potential value of MSTR. 

What’s interesting about MSTR is that it doesn’t matter how overbought it’s becoming, the “fear of missing out” rally could push it even higher.

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