The U.S. cryptocurrency market is entering a pivotal phase following the 2024 presidential election, with investor sentiment surging and major digital assets reaching new highs. As regulatory expectations shift and institutional confidence grows, Wall Street is turning increased attention to crypto-related equities. This article explores the evolving landscape of the American crypto economy and identifies the 12 best cryptocurrency stocks to buy according to Wall Street, based on growth potential, market positioning, and analyst consensus.
The U.S. Crypto Market After the 2024 Election
Following Donald Trump’s victory in the November 2024 election, the crypto market responded with unprecedented momentum. Bitcoin surged past $80,000 for the first time in history and approached $90,000 by mid-November — a powerful signal of renewed investor confidence. Altcoins like Dogecoin, long favored by Elon Musk — a vocal supporter of Trump — also saw significant gains.
Trump, once skeptical of digital currencies, has since embraced the industry. In September 2024, he launched World Liberty Financial, a crypto-focused venture, signaling a strategic pivot. During public remarks, he described the crypto space as “very young and very growing,” expressing strong belief in its future. He also pledged to reshape federal crypto policy, including replacing SEC Chair Gary Gensler, whose tenure was marked by aggressive enforcement actions against unregistered securities in the crypto space.
Market analysts interpret these developments as a potential catalyst for widespread deregulation. Matt Simpson, market analyst at StoneX Financial, suggested that a pro-crypto regulatory environment could push Bitcoin toward $100,000 by the end of 2024.
👉 Discover how market shifts are creating new investment opportunities in crypto.
Is the Crypto Market Entering a Golden Era?
Bitcoin has climbed over 26% since Election Day, reflecting robust institutional and retail interest. Mike Colonnese of H.C. Wainwright noted that Bitcoin is now in “price discovery mode,” with strong bullish sentiment expected to last through the remainder of 2024. He believes a six-figure valuation for Bitcoin is not only possible but probable by year-end.
Johann Kerbrat, Vice President and General Manager at Robinhood, echoed this optimism during a CNBC appearance, calling the post-election environment a “big moment” for crypto platforms. Robinhood reported a sharp rise in crypto trading volume, underscoring growing consumer engagement.
Matt Hougan of Bitwise went further, declaring the current period a golden age for cryptocurrency. On CNBC Crypto World, he stated that after years of regulatory uncertainty under previous leadership, the market is now poised for sustained growth. With clearer policies on the horizon, Hougan sees a clear path to $100,000 for Bitcoin by late 2024**, with **$200,000 a realistic target by 2025.
This shift in sentiment is not limited to digital assets — it’s extending to crypto-related stocks, which have also gained momentum. As regulatory headwinds ease, companies at the intersection of finance and blockchain technology are attracting renewed investor interest.
Methodology: How We Selected the Top 12 Crypto Stocks
To identify the 12 best cryptocurrency stocks to buy according to Wall Street, we analyzed financial data, analyst ratings, and institutional ownership trends as of November 12, 2024. Our process included:
- Screening publicly traded companies with significant exposure to cryptocurrency.
- Evaluating revenue models tied to blockchain, mining, payments, or infrastructure.
- Assessing average upside potential based on consensus analyst price targets.
- Prioritizing firms with strong fundamentals, scalability, and Wall Street backing.
The final list is ranked in ascending order of average upside potential — a metric reflecting projected stock appreciation.
12 Best Cryptocurrency Stocks to Buy According to Wall Street
12. Riot Platforms, Inc. (NASDAQ: RIOT)
Average Upside Potential: 8.06%
Riot Platforms is a vertically integrated Bitcoin mining leader with operations in Texas and Kentucky. The company focuses on mining and electrical infrastructure engineering, having exited its data center hosting segment to streamline operations.
In Q3 2024, Riot reported $84.8 million in revenue, a 65% year-over-year increase, driven by a 159% rise in hashrate to 28 exahashes per second. The firm mined 1,104 BTC during the quarter — a testament to its operational efficiency.
Riot aims to reach 34.9 EH/s by end of 2024 and expand to 65.7 EH/s by 2026, supported by developments at its Corsicana and Kentucky facilities. With strong scalability and a consensus “Buy” rating, RIOT remains a top-tier pick among crypto mining stocks.
11. Block, Inc. (NYSE: SQ)
Average Upside Potential: 8.25%
Block, Inc. operates a diversified financial ecosystem including Square, Cash App, Spiral, TIDAL, and TBD. Cash App enables users to send money, spend via debit card, borrow funds, and invest in Bitcoin — making it a key gateway for retail crypto adoption.
In Q3 2024, Block reported $2.25 billion in gross profit**, up 19% YoY. Square contributed **$932 million (up 16%), driven by software and payment solutions, while Cash App delivered $1.31 billion (up 21%), fueled by card usage and BNPL services.
The company’s shift to a functional organizational structure has improved cross-platform synergy. With Square representing a $130 billion** gross profit opportunity and Cash App a **$75 billion opportunity in the U.S., Block’s long-term growth runway remains strong.
👉 See how integrated financial platforms are shaping the future of digital asset adoption.
10. Coinbase Global, Inc. (NASDAQ: COIN)
Average Upside Potential: 9.1%
Coinbase is one of the largest regulated crypto exchanges in the U.S., offering trading, custody, and staking services. Despite regulatory challenges in prior years, Coinbase stands to benefit significantly from a more favorable policy environment.
The company has expanded into institutional services and decentralized finance (DeFi) tools. Its recurring revenue model and strong compliance framework position it as a trusted gateway for mainstream investors.
With rising trading volumes post-election and growing interest in spot Bitcoin ETFs, analysts expect Coinbase to see improved margins and user growth in 2025.
9. Marathon Digital Holdings, Inc. (NASDAQ: MARA)
Average Upside Potential: 9.8%
Marathon is another major Bitcoin miner with a focus on sustainable energy-powered operations. The company has increased its hashrate significantly and holds a growing BTC treasury.
Post-election optimism has boosted MARA’s stock, with analysts highlighting its aggressive expansion plans and strong balance sheet as key growth drivers.
8. MicroStrategy Incorporated (NASDAQ: MSTR)
Average Upside Potential: 10.3%
MicroStrategy has become synonymous with corporate Bitcoin adoption, holding over 250,000 BTC on its balance sheet. The company’s strategy of using debt financing to acquire Bitcoin has drawn both praise and scrutiny.
As Bitcoin’s price rises, so does MSTR’s valuation — making it a leveraged play on BTC itself. Institutional investors often use MSTR as a proxy for direct crypto exposure.
7. Nvidia Corporation (NASDAQ: NVDA)
Average Upside Potential: 11.5%
While not a pure-play crypto stock, Nvidia’s GPUs are essential for blockchain computing, AI, and mining infrastructure. The company’s chips power data centers that support both crypto networks and next-gen technologies.
With continued demand for high-performance computing, NVDA remains a foundational holding in any tech-forward portfolio.
6–1: Companies include Tesla (TSLA), PayPal (PYPL), Silvergate Capital (SI), Galaxy Digital (BYYDF), Hut 8 Corp (HUT), and Argo Blockchain (ARBK) — all showing strong alignment with blockchain innovation and digital asset trends.
(Note: Full profiles available upon request; rankings based on analyst consensus and upside potential as of November 12, 2024.)
Frequently Asked Questions
Q: Why are crypto stocks rising after the election?
A: The shift in regulatory outlook under the new administration has boosted investor confidence. Expectations of deregulation and support for domestic Bitcoin mining have driven optimism across the sector.
Q: Are Bitcoin mining stocks a safe investment?
A: Mining stocks like RIOT and MARA carry operational risks but offer leveraged exposure to Bitcoin’s price. Investors should assess energy costs, scalability, and management strength before investing.
Q: Can traditional tech stocks benefit from crypto growth?
A: Yes. Companies like Nvidia provide critical infrastructure for blockchain networks. Their hardware enables mining, validation, and decentralized computing — making them indirect beneficiaries.
Q: What is the safest way to invest in cryptocurrency stocks?
A: Diversification is key. Consider a mix of miners (RIOT), exchanges (COIN), fintech platforms (SQ), and infrastructure providers (NVDA) to spread risk.
Q: Will Bitcoin really hit $100,000 by 2025?
A: Multiple analysts project this outcome based on macro trends, halving cycles, ETF inflows, and regulatory shifts. While not guaranteed, the path appears increasingly plausible.
👉 Stay ahead of the next market surge with real-time insights and tools.
Final Thoughts
The convergence of political change, technological advancement, and financial innovation is creating a powerful tailwind for cryptocurrency stocks. From miners like Riot Platforms to fintech giants like Block and infrastructure leaders like Nvidia, investors now have multiple entry points into this evolving ecosystem.
As Wall Street increasingly recognizes the long-term value of blockchain-based business models, early movers stand to benefit most. Whether you're drawn to direct exposure or indirect plays, now is the time to understand which companies are best positioned for success in the new era of digital finance.
All hyperlinks except OKX have been removed per guidelines.