What to Watch When Investing in Crypto Stocks?
Bitcoin has pulled back to $108,579. Recently, hype around crypto-related stocks has cooled, but many still believe the bull market isn’t over under Trump’s term. That said, performance among crypto stocks has started to diverge sharply.
Crypto is becoming more “Wall Street-like,” with tokens, miners, and exchanges increasingly tied to U.S. equities. If you want exposure, here are the 4 main types of crypto-related stocks to watch:
1. Stablecoin Plays
Think of them as the bridge between traditional finance and crypto. $Circle Internet Corp.(CRCL)$ , Tether, and Paxos are the big names. Risks are relatively low, but growth ceiling is limited. Perfect for institutions looking for steady exposure.
2. Exchanges
$Coinbase Global, Inc.(COIN)$ and $Robinhood(HOOD)$ dominate here. Unlike 2021’s retail-driven frenzy, this cycle is institution-led (institutions now make up 40%+ of trading). For exchanges, watch metrics like custody revenue growth, institutional margin balances, and regulated derivatives expansion. Robinhood is moving faster with diversification, while Kraken is waiting in the wings with IPO plans.
3. Miners
$Riot Platforms(RIOT)$ , $MARA Holdings(MARA)$ , $CleanSpark, Inc.(CLSK)$ and others are essentially high-beta plays on Bitcoin. Miners thrive in bull markets but bleed in bear cycles. U.S. mining share is rising to 38%, with Trump’s energy plan potentially lowering power costs by 15–20%. Scale and capital strength matter most.
4. Crypto Treasuries
$Strategy(MSTR)$ pioneered the “raise funds → buy Bitcoin → push price up” loop. Others like $SharpLink Gaming(SBET)$ and $Tron Inc.(TRON)$ follow similar models for ETH, Solana, or TRON. These plays carry the highest upside — but also leverage and regulatory risks. They’re for investors with strong risk appetite and deep due diligence skills.
In short: Stablecoins + Exchanges = Infrastructure.
Miners + Treasuries = High-risk, high-reward bets.
💬 What about you?
Would you prefer stable, infrastructure-style plays (stablecoins/exchanges) or go after high-risk miners/treasuries?
Do you think Robinhood could outgrow Coinbase in this cycle?
With BMNR’s lock-up shares set to be released on Sept 2, should investors consider exiting early?
More importantly, what key factors should guide stock selection in the crypto space?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
矿商和国债是高风险的附带赌注。矿商可能会从较低的能源成本中受益，但仍受到比特币波动的影响。国债喜欢 $Strategy(MSTR)$ 有很大的上涨空间，但表现得像杠杆加密货币，所以我只会持有小头寸。在Coinbase和Robinhood之间，我认为Robinhood凭借多元化和更广泛的用户组合而领先。
为了 $比特矿沉浸技术公司（BMNR)$ 锁定，我会很谨慎，因为压力通常是向下倾斜的。总体而言，我在选择加密货币股票时重点关注可扩展性、监管弹性和资产负债表实力——更喜欢忍受周期而不是追逐极端波动的模型。
@Tiger_comments @TigerStars
@TigerStars @Tiger_comments
@WILDHAN @Tiger_comments @TigerStars @Zara
Stablecoins such as USDT & USDC are designed to maintain a steady value, typically pegged to fiat currencies like the US Dollar.
Stablecoins enable fast, borderless payments without the wild swings of Bitcoin and Ethereum.
In 2024, stablecoins processed USD 27.6 trillion in transactions, more than Visa & Mastercard combined.
Crypto Exchanges like Coinbase, Binance are the gateways to Cryptocurrencies.
Coinbase is the largest US crypto exchange. It facilitates price discovery and market access. Coinbase also provides custody & security for assets and act as liquidity hubs too.
Without exchanges, Crypto would be a fragmented jungle. With them it becomes a navigable landscape.
If Bitcoin is gold, Stablecoins & Exchanges are the vault and the bank of Cryptocurrencies.
@Tiger_comments @TigerStars
1、稳定币玩法：CRCL
2.交易所：硬币、引擎盖
3.矿工：暴动、玛拉等
4.加密国债：MSTR、SBET等
就我个人而言，我更喜欢SBET，这是一种高风险、高回报的加密货币游戏。
Cryptocurrency stocks are highly volatile, often moving in tandem with crypto prices like Bitcoin and Ethereum. For instance, Bitcoin’s price surged past $100,000 in December 2024 but has seen significant fluctuations since, impacting related stocks. Monitor crypto market trends and how they affect companies like Coinbase (COIN), MicroStrategy (MSTR), or crypto ETFs. Be prepared for sharp price swings, as crypto stocks can be more volatile than the underlying assets due to operational risks.
Company Fundamentals and Crypto Exposure
evaluate the direct or indirect exposure
direct MSTR
indirect NVDA
谈到 Robinhood 与 Coinbase 的比较，我觉得这轮周期中 Robinhood 的增长有可能在某些维度超过 Coinbase。Robinhood 本身客户基础更广，覆盖了传统股票、ETF 与加密资产用户，当市场情绪回暖，散户回流，他们天然受益。而 Coinbase 依赖更重度的加密原生用户，用户增长可能受限。但 Coinbase 在合规、国际布局和机构服务上依旧有优势，所以若单纯看交易量增长，Robinhood 或许能超越，但若看长期护城河，Coinbase 的品牌与监管地位仍旧不可忽视。
至于 BMNR 的锁定股将在 9 月 2 日解禁，我认为投资者确实需要小心。解禁往往意味着潜在的抛压，尤其是早期持股者可能选择落袋为安。在消息兑现前，市场通常会提前反应，如果缺乏新的基本面利好，股价短期承压的概率不小。因此保守的投资者可以考虑提前部分退出，至少降低仓位，留一部分观察后市。
最后，选择加密相关股票时，我认为有几个关键因素必须关注：
第一，监管环境，这是决定企业能否长期经营的最大风险点；
第二，现金流和费用结构，尤其是能否在熊市维持正向经营；
第三，用户生态和护城河，是否依赖单一业务还是有多元收入；
第四，宏观环境，包括利率、风险偏好变化，这直接决定资金是否愿意进入高风险领域。
整体而言，我的策略是以基础设施为底仓，辅以小部分高风险资产博取弹性，用“稳中求进”的方式在加密投资的波动周期中寻找确定性。
I don’t think Robinhood would outgrow Coinbase especially when demand seems to be fizzling off and also the looming risk of a potential recession though that seems to have reduced.
I expect great volatility when BMNR’s shares are released and I would prefer to lock in any profits. 2nd September or the next 2 days might present with good buying opportunities.
I think crypto investment can be hard. It might be easier to trade based on momentum and exit quickly when the momentum breaks. There is probably not much fundamentals but more of market sentiment.
1️⃣ Crypto price trend – BTC and ETH set the tone; sustained strength above $110K and $4.5K is bullish for sector names.
2️⃣ Company-specific risks – e.g. BMNR’s 9/2 lock-up expiry could trigger short-term volatility as insiders unlock shares.
3️⃣ Regulation & flows – stablecoin legislation and ETF inflows/outflows heavily influence liquidity-sensitive names like COIN and CRCL.
Short-term corrections are normal, but the long-term bull case depends on adoption, on-chain activity, and capital flows. Play volatility tactically, respect support levels.
I’m not a financial advisor. Trade wisely, Comrades!