Crypto Equities Soaring in 2023
According to Bitwise Crypto Equities Specialist Alyssa Choo, this year has been a great one for crypto equities. Crypto equities refer to the stocks or shares of companies involved in the cryptocurrency industry.
Crypto Equities Outperforming the Market
Choo highlighted four crypto equities that have seen triple-digit gains in 2023, surpassing the performance of the overall crypto market. Coinbase (COIN) is one of the top performers, with a 280% gain since the beginning of the year. Other notable gainers include Riot Platforms, Marathon Digital, and Galaxy Digital.
Stocks Outperforming Cryptocurrencies
In addition to crypto equities, some stocks have also outperformed cryptocurrencies this year. MicroStrategy, which holds a significant amount of Bitcoin, has surged by 245%. Payment companies like PayPal and Square have also seen strong equity performances.
Hot Take: Crypto Equities on Fire
The rise of crypto equities in 2023 showcases the growing interest and confidence in the cryptocurrency industry. As digital assets and global stock markets recover, some stocks have outshined the rest of the market. This trend highlights the potential for investors to find opportunities for significant gains in both traditional stocks and crypto-related companies.
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