Bitcoin Set to Cross $100,000 on Post-Election Rally: 4 Stocks to Buy
Portfolio Pulse from
Bitcoin is expected to surpass $100,000 following a post-election rally, benefiting stocks such as Coinbase (COIN), BlackRock (BLK), Accenture (ACN), and NVIDIA (NVDA).
November 28, 2024 | 3:15 pm
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POSITIVE IMPACT
Accenture may gain from the Bitcoin rally due to its consulting services in blockchain technology.
Accenture provides consulting services in blockchain technology, which could see increased demand as Bitcoin's value rises.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
BlackRock could see gains due to its involvement in cryptocurrency investment products.
BlackRock's involvement in cryptocurrency investment products means it could benefit from increased interest and investment in Bitcoin.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Coinbase is likely to benefit from the Bitcoin rally as it is a major cryptocurrency exchange platform.
As a leading cryptocurrency exchange, Coinbase's revenue is closely tied to Bitcoin's price. A rally past $100,000 would likely increase trading volumes and revenues.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
NVIDIA is likely to benefit from the Bitcoin rally due to increased demand for its GPUs used in cryptocurrency mining.
NVIDIA's GPUs are widely used in cryptocurrency mining. A Bitcoin rally could lead to increased demand for mining hardware.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80