13 Best Cryptocurrency Stocks to Buy Now

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2. Block, Inc. (NYSE:XYZ)

Average Upside Potential as of March 11: 81.33%

Number of Hedge Fund Holders: 81

Block, Inc. (NYSE:XYZ) is a software infrastructure company that builds ecosystems focused on commerce and financial products and services. The company develops and supports cryptocurrency-related services and decentralized technologies. It owns Square, Cash App, and other cryptocurrency-related services. The company is taking advantage of significant business opportunities to make it easy for people to buy and hold cryptocurrencies in their digital wallets.

Bitcoin holdings are always a significant part of the company’s operations, helping to bolster the bottom line. Through the Block, Inc. (NYSE:XYZ) ecosystem, the company is promoting the use of Bitcoin among its business users, and it has the potential to become a leading platform for cryptocurrency transactions between businesses and their clients.

According to CEO Jack Dorsey, the feature will make Bitcoin more usable in the direction of a trustworthy global monetary transmission network. During the fourth quarter and full year 2024 earnings call, the CEO tried reassuring investors by highlighting how Block is structured for long-term success through the ongoing integration of its financial services offerings, such as Cash App, Square, and its Bitcoin initiatives.

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