Many crypto stocks may continue doing well this year as Wall Street investors have started to buy Bitcoin and its ETFs. One of these Wall Street billionaires is Paul Tudor Jones, who has added into his iShares Bitcoin ETF (IBIT) holdings. This article explores some of the best crypto shares to buy for 10x returns.
Best Crypto Stocks to Buy After Paul Tudor Jones Buys More Bitcoin ETFs
Paul Tudor Jones, a billionaire who predicted the 2008/9 financial crisis, has maintained a highly bullish view on Bitcoin. He believes that the BTC and gold are good hedges against inflation and a potential debt trap. Jones has invested in the iShares Bitcoin ETF worth over $426 million, represening about 1.6% of his wealth. Some of the best crypto stocks to buy are Palantir (PLTR), Coinbase (COIN), and Robinhood (HOOD).
Palantir (PLTR)
Palantir stock price has surged to a record high, giving it a market cap of over $150 billion. These gains accelerated this month when it published strong financial results. Revenue surged by 36%, while its US commercial division jumped by 64% during the quarter.
Palantir is benefiting from its strong commercial business that is now eclipsing its government business. It is also thriving because of its AIP product, a solution that helps enterprises build artificial intelligence solutions. Analysts expect PLTR annual revenue to grow by 32% this year to $3.78 billion and 25.9% in 2026.
Palantir is considered a crypto stock because it offers solutions to companies in the sector. Its Foundry business, which offers solutions like anti-money laundering, fraud detection, and dApp business intelligence.
Coinbase (COIN)
Coinbase is one of the biggest crypto stocks in Wall Street with a valuation of over $70 billion. Its stock has surged by over 700% from its lowest point in 2023 as demand for its crypto exchange rose. It has more room to grow over time as the crypto industry booms. For one, it has diversified its revenue stream to include transactions, blockchain, custody, and subscriptions.
Coinbase is one of the biggest Bitcoin holders with 9,480 coins worth $912 million. Its finances are also doing well, with the annual revenue for this year expected to be $7.86 billion, up from the $6.56 billion it made last year. Coinbase stock has a catalyst in Base Blockchain, which has become the biggest layer-2 network. In a recent note, one analysts noted that the Coinbase stock could surge to $500.
Robinhood (HOOD)
Robinhood is also one of the top crypto stocks to buy in the US as its shares have surged by 762% from its lowest point in 2023. The company has become a large player in the crypto industry, where it handles billions of dollars in volume.
Robinhood’s business is doing well as its annual revenue is expected to be $3.71 billion this year, a 25% growth rate. It will then cross the important milestone of $4 billion in 2026. Most Wall Street analysts, including from JPMorgan, Citi, and Keybank have a bullish view of the stock.
Other Top Crypto Shares to Buy After Jones Bought Bitcoin ETF
The other top crypto shares to consider are firms like PayPal, MicroStrategy, and Bitcoin mining firms like CleanSpark, Riot Platforms, and Mara Holdings.
The post 3 Crypto Stocks That Could 10X as Paul Tudor Jones Ups Bitcoin ETF Holdings appeared first on CoinGape.
