Coinbase-Watch 5 Bitcoin-Centric Stocks Set to Gain From the Next Rally

Market Overview - The cryptocurrency market has experienced significant declines over the past one and a half months, with Bitcoin (BTC) dropping from an all-time high of $73,750 on March 14 to below$ 55,000, currently trading around $57,940, representing a 21.4% discount from its peak [1][2]. Long-Term Investment Perspective - Investors are encouraged to adopt a long-term view, as the Federal Reserve is nearing the end of its higher interest rate regime, which is favorable for high-growth sectors including technology, consumer discretionary, and cryptocurrency [2]. Bitcoin-Centric Stocks - Key stocks to monitor in relation to Bitcoin include: - **Robinhood Markets Inc. (HOOD)**: Operates a platform for trading various assets including cryptocurrencies, with a current Zacks Rank of 2 (Buy) and a price target indicating a potential increase of 15.9% from$ 20.64 [6][7]. - Coinbase Global Inc. (COIN): Provides financial infrastructure for the crypto economy, holding a Zacks Rank of 3 (Hold) with a price target suggesting a 56.9% increase from $157.15 [8][9]. - **NVIDIA Corp. (NVDA)**: A leading GPU designer benefiting from the crypto market, currently ranked 3 with a price target indicating a 38.1% rise from$ 116.91 [10][11]. - Interactive Brokers Group Inc. (IBKR): A global electronic broker involved in cryptocurrency trading, also holding a Zacks Rank of 3 with a price target suggesting a 13.4% increase from $122.77 [12][13]. - **Block Inc. (SQ)**: A digital payment platform allowing Bitcoin transactions, ranked 3 with a price target indicating a 41.2% increase from$ 63.38 [14][15]. Economic Indicators - Recent weak economic data has led to a 100% probability of a 25-basis point interest rate cut in September, with expectations of further cuts in November and December, which could positively impact Bitcoin and related stocks [4][5].