There are many stocks today that offer indirect exposure to crypto-assets such as Bitcoin. Argo Blockchain (LSE: ARB), Riot Blockchain, Coinbase (NASDAQ: COIN), Robinhood, PayPal, and MicroStrategy are just some of the companies that offer stock market investors such exposure.
Here, I’m going to compare Argo Blockchain to Coinbase. Which stock is the best way for me to play crypto?
Argo Blockchain vs Coinbase
Let’s start by comparing their business models. Argo Blockchain is a crypto miner that specialises in mining Bitcoin. The more BTC it mines, the more money it can make.
This business model has its advantages. For example, when the price of Bitcoin goes up, Argo’s revenues get a boost and its Bitcoin holdings (it held 1,836 Bitcoins at the end of September) are worth more.
However, it also has its disadvantages. One is that if the price of Bitcoin crashes, revenues … Read more