We recently published a list of 7 Most Profitable Cryptocurrency Stocks To Invest In. In this article, we are going to take a look at where Bit Digital, Inc. (NASDAQ:BTBT) stands against other most profitable cryptocurrency stocks to invest in.
Where is the Crypto Industry Heading?
Bitcoin recently bounced back to the $62,000 level in the week ended October 11. Simultaneously, Ether jumped 1.73% to $2,443 and Solana climbed 4.23% to $144. The weekly performance reflected a quiet crypto market with Bitcoin slightly dipping while Ether and Solana inching up by less than 1%.
Amidst changing interest rates, Circle’s CEO Jeremy Allaire discussed the impact on the stablecoin market in an interview with CNBC. In his opinion, the Federal Reserve changes interest rates as a tool to either increase or lower or to take a neutral position with respect to the velocity of money in the economy. According to the general view, lower interest rates are better for the markets as the cost of capital becomes less. He considers lower interest rates as a really good thing for a stablecoin issuer like Circle as more capital will be put to work and so the velocity of money will increase and so will the demand for stablecoin money.
Apart from the interest rates, positive news for the crypto industry has come after almost 2 years of the crypto exchange FTX collapse. According to the firm, former customers are to recover a sum worth nearly 119% of what their accounts had at the bankruptcy time. Regarding this, FTX’s current chief executive John. J. Ray III stated that:
“Looking ahead, we are poised to return 100% of bankruptcy claim amounts plus interest for non-governmental creditors through what will be the largest and most complex bankruptcy estate asset distribution in history”
Crypto and Elections 2024
With the upcoming 2024 election, the crypto world continues to look forward to what the candidates say about digital currency. After formerly railing against cryptocurrencies, Trump has embraced crypto as he announced the launch of a crypto banking platform World Liberty Financial. He has also expressed support for domestic Bitcoin miners saying that if crypto is going to define the future, he wants it to be mined, minted, and made in the US.
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Many crypto enthusiasts are also welcoming Kamala Harris’s viewpoint on the topic. Harris said she would encourage innovative technologies like AI and digital assets during a fundraiser at Cipriani Wall Street. Commenting on this pro-crypto statement, CEO of cryptocurrency exchange Uniswap Hayden Adams, posted on X: “I believe this is her first time referencing crypto publicly and it’s in a positive way.”
Simultaneously, venture capitalist Ben Horowitz has decided to make a significant donation to Harris’s campaign. This move was a reversal from the previous when he and his business partner Marc Andreessen initially backed President Trump. In an internal letter reported by CNBC, Horowitz says that he has spoken to Harris regarding tech policies and believes that although Harris hasn’t revealed her intentions yet, he is hopeful about her administration being much better than the Biden administration which has been destructive to tech policy, especially crypto and AI.
Our Methodology:
In order to compile a list of the 7 most profitable cryptocurrency stocks to invest in, we created an initial list of 30 companies with the biggest market caps in the sector. Moving on, we shortlisted those that had a positive net income in the trailing twelve months. Finally, we ranked the shortlisted companies in ascending order of their trailing 12 months net income. The number of hedge fund holders has also been mentioned for each stock on the list.
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At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Bit Digital (BTBT): Diversified Revenue Streams and Strategic Acquisitions Enhance Resilience
A team of technicians working on a server of bitcoin mining equipment in a data center.
Bit Digital, Inc. (NASDAQ:BTBT)
Number of Hedge Fund Holders: 8
TTM Net Income: $28.92 Million
Bit Digital, Inc. (NASDAQ:BTBT) is a large-scale publicly-listed Bitcoin miner and AI Infrastructure provider. The firm operates as a sustainable platform for digital assets and artificial intelligence infrastructure. It has two revenue streams including bitcoin mining and high-performance computing (HPC) services. Bit Digital’s bitcoin mining operations are situated in the United States, Canada, and Iceland.
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Bit Digital’s diversified revenue streams reduce its exposure to digital asset price volatility. With a Bitcoin mining fleet of over 50,000 miners, the company boasts an institutional-scale Bitcoin mining business. The footprint remains distributed across stable United States, Canada, and Iceland jurisdictions which tends to maximize business resiliency. Since its inception through September 2024, Bit Digital has earned 7,017 total number of bitcoins. As of September 30, the firm’s active hash rate was approximately 2.43 exahashes per second.
Simultaneously, Bit Digital, Inc. (NASDAQ:BTBT) is building its HPC business. Recently, the firm acquired Enovum Data Centers, an owner, operator, and developer of high-performance computing (HPC) data centers. The strategic move vertically integrates Bit Digital’s HPC business into the colocation services sector of the value chain and enhances its competitive positioning.
With large-scale global Bitcoin mining operations and a Bitcoin business that has been resilient against the odds such as the April halving event, Bit Digital, Inc. (NASDAQ:BTBT) is an attractive cryptocurrency stock that is also reaping benefits of its HPC business.
Overall, BTBT ranks 6th on our list of most profitable cryptocurrency stocks to invest in. While we acknowledge the potential of BTBT as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than BTBT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.
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Disclosure: None. This article is originally published at Insider Monkey.
Both these assets have earned their place as leaders, but the next 10 years could be tough for one of them.
Bitcoin(BTC +3.22%) and XRP(XRP +6.34%) aren’t trying to win in the same game. One is competing to be the store of value asset that people trust when governments are printing money. The other is vying to be useful plumbing inside institutional financial workflows.
During the next 10 years, those two assets are thus likely to perform very differently. Let’s examine the case for buying and holding each of them, and figure out which one is better.
Image source: Getty Images.
Bitcoin doesn’t need to change much to succeed
Bitcoin is one of the few cryptocurrencies that has survived for more than 10 years. Its odds of surviving the next 10 years are quite high, because the features that made it a good investment in the past are still operating on behalf of holders.
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Specifically, Bitcoin’s supply is as constrained as ever. New coin issuance is cut in half on a regular schedule, and the supply is capped at 21 million coins (about 20 million already are in circulation). That isn’t going to change, which means as long as there is at least some demand, its price is biased to the upside over the long term. Its legacy as a store of value, while still in its infancy, is more likely to consolidate than peter out as time passes.
Today’s Change
(3.22%) $2168.69
Current Price
$69455.00
Key Data Points
Market Cap
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$1.4T
Day’s Range
$67217.00 – $70434.00
52wk Range
$60255.56 – $126079.89
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Volume
46B
Furthermore, Bitcoin is the largest cryptocurrency by market cap, with a majority share of total crypto market value, which means it’s the default yardstick for the whole sector. Owning Bitcoin as part of a balanced crypto portfolio is thus a bet that its prominence and dominance will stay intact even in the event of some future ugly years, just as it did in the past.
Of course, that didn’t stop holders from experiencing downturns of 80% or more, but Bitcoin’s price can fluctuate tremendously without compromising the coin’s investment thesis.
XRP’s moat isn’t as large
For XRP to win during the next 10 years as it did during the past 10 years, there will need to be wider adoption of the XRP Ledger (XRPL) across three axes: as a payments and settlement network, as a tokenized asset management platform, and as a set of financial tools for institutional investors and traders. It’s making credible inroads in those arenas, and it will likely succeed in at least one of them.
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Today’s Change
(6.34%) $0.09
Current Price
$1.46
Key Data Points
Market Cap
$89B
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Day’s Range
$1.37 – $1.47
52wk Range
$1.14 – $3.65
Volume
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2.6B
But compared to Bitcoin, the trouble with XRP is that it simply has a lot of competition in all three of those verticals today, and there will probably be even more competition in the near future and beyond. The coin could thus bid to become the future of cryptocurrency, only to lose later on when other players encroach on its turf.
That makes it hard to believe that XRP can see its price rise smoothly without continuously winning at least some of its many competitive fights over time — and continuous execution is a very high bar to clear during a 10-year time span.
So, Bitcoin is the better cryptocurrency to invest in if you’re willing to hold it for a long time. XRP isn’t a bad pick. It’s just that it will have to face and overcome many difficult obstacles, while Bitcoin simply doesn’t need to.
WASHINGTON (7News) — Recent positive economic indicators have come out like a lower-than-expected January inflation rate and a strong jobs report. Financial expert Ric Edelman explained the resilience of the economy and what’s going on with cryptocurrency.
“It’s proving to be surprisingly resilient. The jobs data was very good that just came out, unemployment rate remains low. Interest rates are stable and hopefully coming down. Overall, consumer prices are doing okay as well,” said Eldelman.
RELATED | Job growth beats forecast. Is the economy rebounding?
“A lot of folks have been widely fearing a recession. It doesn’t seem to be in sight at any moment, but there are continuing concerns: the tariffs, global economics. And in fact, if you look closely at the jobs data, almost all the jobs created in this last report were in the healthcare sector, which doesn’t spell well for the overall economy, just that one sector. So there is some weakness, and this is why investors remain a little bit nervous,” said Eldelman.
Younger Americans are buying Bitcoin and other cryptocurrencies, seeing it as a path to the American dream.
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“This particular crypto winter, as it’s called. It’s the ninth time Bitcoin has fallen this much. Came out of nowhere, and it surprised everybody, including me,” said Eldelman.
“We basically are seeing a tale of two cities. On the one hand, prices are down dramatically over the past couple of months. They may fall even further yet. But if you look beyond the numbers at the fundamental growth and development of the technology, it’s all looking really very exciting.”
For investors, Eldelman had the following advice:
This is a period of extreme uncertainty… And for that reason, you should do two things. Number one, continue invest slowly but steadily. In other words, not a single lump sum, but invest a little bit every month on a regular basis. And second, stay focused on 10 years from now, not 10 days from now.
WATCH THE FULL INTERVIEW
Financial expert Ric Edelman has the latest economic outlook (7News).{ }
Toronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important. Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.
Understanding CRA’s Approach to Cryptocurrency
The article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.
Common Taxable Cryptocurrency Transactions
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The blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.
Cross-Border Considerations for Canada–U.S. Investors
For individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.
Key Takeaways
Cryptocurrency is taxable in Canada, and its treatment depends on the nature of the transaction
Trading, selling, mining, and spending cryptocurrency may trigger tax obligations
Recordkeeping is critical to remain compliant with CRA reporting requirements
Cross-border investors face added complexity and should seek integrated planning advice
The full blog post is available here: https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/
About Cardinal Point Wealth Management
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Cardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact Company Name: Cardinal Point Wealth Management, ULC Contact Person: Kris Rossignoli, Senior Private Wealth Manager Email: info@cardinalpointwealth.com Country: USA Website: www.cardinalpointwealth.com
