El Salvador became the world’s first government to recognize Bitcoin as legal cash. The country’s president claims that cryptocurrencies will kickstart the economy, facilitate remittance transactions, and increase the country’s banking penetration rate. El Salvador’s President Nayib Bukele, is the father of two children. Bitcoin gained ground when lawmakers adopted a plan aimed at bringing the cryptocurrency into the mainstream. In recent weeks, the cryptocurrency has been rocked by criticism of energy-intensive mining processes as well as a governmental crackdown in China. Bitcoin is still trading at a fraction of what it was two months ago, when it hit a high of $64,000. Market analysts, money managers, and technology officers of major organizations are all optimistic about the future of cryptocurrencies in general, and Bitcoin in particular. The key to this digital transformation is frequently promoted as a retail investment opportunity. It’s an excellent opportunity to invest in Bitcoin.
Here is Insider Monkey’s list of the 12 best cryptocurrency stocks to invest in 2021. Canaan Inc. is a Chinese firm that develops and sells crypto mining microprocessing technologies. Over the past year, the company’s stock has provided investors with returns of more than 392 percent. On the list of the 12 top cryptocurrency stocks to buy in 2021, the company is ranked 12th. Marathon Digital Holdings, Inc. is a technology firm that specializes in cryptocurrency mining but also has a stake in other digital assets. From June 28, the company will be a part of the Russell 2000 index, which will boost its visibility among investors. The CME Group Inc. is a financial derivatives exchange that specializes in cryptocurrency trading. On the list of the 12 top cryptocurrency stocks to buy in 2021, the company ranks tenth. For income investors, it’s a pretty safe choice. NVIDIA Corporation is a technology business that focuses on computer and mobile hardware development. Craig-Hallum recently raised the stock from Hold to Buy and increased the price objective from $550 to $750. On the list of the top 12 cryptocurrency stocks to buy in 2021, the company is ranked ninth. One of the greatest cryptocurrency stocks to buy in 2021 is Mastercard Incorporated. Over the past year, the company’s stock has returned more than 19%. It is ranked ninth on the list of the top 12 cryptocurrency stocks to buy. For more details, click 12 Best Cryptocurrency Stocks to Invest in 2021.
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