[Flash Alert] Buy These Stocks to Ride the Crypto Rocketship

Plus, is there a chance the Fed will pause the interest rate hikes next week? Picks from the Editor SPONSORED (Newsletter Continues Below)  Join the Tech Revolution Without Leaving Your Chair!    Discover the secret investment opportunity that early adopters are raving about, and uncover the shocking potential. [ It Could Change Your Financial Future!]( By clicking the link above you agree to periodic updates from WealthPress and its partners ([privacy policy]( Don't Miss Out on the Bitcoin Boom: With Bitcoin Predicted at $100,000, Here are 3 Stocks to Add to Your Portfolio  Hi Traders,  Well, well, well! Bitcoin, you know, the digital gold, had quite the performance last year, didn't it? It fumbled a bit as a shield against the runaway inflation but did a neat pirouette to dance to its original tune - as a gamble against traditional banking. Thanks to its decentralized and trustless character, it's been a beacon for those nervous about multiple bank collapses. It strutted its stuff, putting up a 70% gain in Q1, and took home the crown for the quarter's best-performing asset. Quite a show, huh? Now, Geoff Kendrick, head honcho of crypto research at Standard Chartered, seems to think Bitcoin is just warming up. He's been heard saying, "We see potential for Bitcoin to reach the $100,000 level by end-2024, as we believe the much-touted 'crypto winter' is finally over." That's a whopping 240% leap from where we are now, a jump that's going to be tough to match elsewhere. I know, I know, buying bitcoin directly can feel like trying to assemble IKEA furniture without instructions. But fear not! You can still get a piece of the Bitcoin action indirectly. Just look at the stock market – there are a ton of companies operating in the Bitcoin ecosystem, like miners. Their performance naturally waltzes along with that of Bitcoin. So, if Bitcoin boogies upwards, so will a heap of Bitcoin-related stocks. With that in mind, we found 3 crypto stocks poised to ride that anticipated Bitcoin wave. And guess what? All 3 are rated as Strong Buys by the analyst consensus. Let's peek under the hood, shall we? First up in our lineup is CleanSpark, a Bitcoin miner that saw the glittering promise of Bitcoin mining and pivoted its focus in that direction. CleanSpark manages its own mining operations in Atlanta, Georgia, and co-locates miners in Massena, NY. Now, Bitcoin has a reputation for being a bit of a power hog, but CleanSpark, ever the green thumb, sources the majority of its power from renewable or low-carbon energy. And boy, has it been busy! Last year, despite the crypto winter chill, it boosted its hashrate – basically, the computational horsepower used to mine Bitcoin – from 2.1 EH/s in January to 6.2 EH/s at year's end. Next, let's take a look at HIVE Blockchain Technologies, the first kid on the block to go public as a crypto miner back in 2017. HIVE started out mining Ethereum with GPUs, but in 2020 it added Bitcoin to its portfolio and hasn't looked back since. The company is all-in on the green energy train and mines Bitcoin using renewable power sources, with operations humming along in Canada, Iceland, and Sweden. HIVE plays the long game, hanging onto its Bitcoin like a dog with a bone. Last but not least, let's hop over to Australia and check out Iris Energy. Co-founders and co-CEOs Daniel and Will Roberts were early Bitcoin believers and used their knowledge of renewable energy and traditional mining to dive into Bitcoin mining. Iris operates in regions where renewable energy is plentiful, running their facilities on 100% green power. Their game plan is straightforward: mine Bitcoin, sell it, pay the bills. All in all, while Bitcoin had a rocky time last year, it's showing signs of a comeback. The 'crypto winter' appears to be thawing, and these three companies – CleanSpark, HIVE, and Iris – are set to bask in the warming trends. So, if you've been sitting on the crypto fence, now might be a good time to make a move. But remember, this isn't financial advice, just a friendly chat from one crypto enthusiast to another. Now, let's touch back on CleanSpark. They've set their sights on a 16.0 EH/s hashrate by the end of 2023, and they're putting their money where their mouth is. They recently announced the purchase of 45K new Antminer S19 XP machines, which, once up and running, will practically double their current hashrate. Analyst Mike Colonnese from H.C. Wainwright has been impressed by the company's shrewd moves in acquiring new mining rigs at rock-bottom prices.  He says, "We continue to view the stock as significantly undervalued relative to fundamentals." Quite the endorsement, wouldn't you say? Next, let's revisit HIVE.  Their revenue saw a bit of a dip in the most recent financial report, but they mined 787 Bitcoin during the quarter, a 13% YoY increase. They're making smart moves to maximize profitability, like repurposing some of their GPUs for non-mining endeavors. Canaccord analyst Joseph Vafi likes what he sees, praising the company’s efficient Bitcoin production, strong balance sheet, and steady progress at its facilities. Last but definitely not least, let's talk about Iris Energy. These guys faced some tough times last year, trying to scale up in the middle of a crypto winter and amidst multiple scandals in the industry. But they've weathered the storm and are positioned to generate solid free cash flows, according to Compass Point analyst Chase White. He's particularly impressed with the company's lack of debt and near completion of facility buildouts. So, if you're feeling adventurous, why not take a closer look at CleanSpark, HIVE, and Iris Energy?  These crypto stocks are well-positioned to make the most of Bitcoin's potential rise. As always, do your due diligence, but remember that every investing journey starts with a single step. And if Bitcoin does hit $100,000 by the end of 2024, as Geoff Kendrick suggests? Well, let's just say there might be a few extra bottles of bubbly popping at New Year's. But don't take my word for it. Just watch and see.  Keep on keeping up!  John @ Traders on Trend  (In the next article: Is a Fed Pause really in the cards next week? Find out below! 👇) [97% Accuracy For The Last 8 Years… Really?]( [(Privacy Policy/Disclosures)]( Check the Free Presentation Today ☝ SPONSORED Next Week's Fed Meeting: Could They Hit the Pause Button? Could the Federal Reserve, our beloved guardian of the economy, really hit the pause button after nine back-to-back interest rate hikes? It sounds like a crazy twist in the plot, but it just might be on the cards. At the start of this week, the derivative markets were practically betting the farm on another rate hike, with a whopping 90% probability. But Steve Englander, the head honcho of North America Macro Strategy at Standard Chartered, begs to differ. In a note to his clients, he said, "We think this is too high," and I can't help but picture him saying this with a smirk on his face, as if he knows something we don't. Englander sees both strategic and tactical reasons for what he calls a "hawkish pause" in May, followed by a potential hike in June, but only if upcoming data show that the economic party isn't winding down just yet. The strategic reason, he says, is that the Fed has only seen a limited amount of economic data since their last policy pow-wow in late March. The Fed, in its infinite wisdom, may say, "Hey, let's gather more intel before we make our next move." Englander cleverly puts it, "It is worth waiting to see the dust settle a bit and see where we are." It's like the Fed has climbed a mountain with these rate hikes, and now they're at a vantage point where they can afford to sit back, enjoy the view, and decide their next move. The tactical reason for a pause is quite intriguing.  (article continues below) Sponsored [This Trade Has Paid Out 99.1%]( We’ve made THIS simple trade over and over again… for years. The result? It’s cashed in winning trades 99.1% of the time. We call it the “310F Trade.” Getting into this “rinse and repeat” trade each Tuesday… could double your money by Friday. Sound too good to be true?[See how we’ve done it, week after week...for YEARS]( [Privacy Policy/Disclosures]( SPONSORED  🔼 Pay attention, this is worth your time! ☝  (article continues)  A pause in May, hinting at a possible rise in June, could play a neat little trick on the market. It would prevent a quick shift from "This is the last hike!" to "When's the first rate cut?" chat around the water cooler. Englander explains, "A May pause would enable the FOMC to hike in June and signal risk of a further hike through [its economic forecast], if that were the policy direction." Right now, the popular opinion is that the Fed will hike rates by 25 basis points in May and chill in June. The odds of a pause are seen as a long shot, with only a 25% probability, based on market forecasts. If the Fed does hit pause, Matthew Luzzetti, chief U.S. economist at Deutsche Bank, says it would be a "massive surprise." Almost like finding an extra fry at the bottom of your McDonald's bag. But there are whispers of a potential pause. Ryan Sweet, chief U.S. economist at Oxford Economics, notes, "While a few Fed officials hinted this week that they would prefer to pause, a majority still appear to favor at least one additional rate hike." Meanwhile, Krishna Guha of Evercore ISI suggests that the recent kerfuffle at First Republic Bank might cause the Fed to skip a beat in May while cueing up a hike for June. And let's not forget Brian Bethune, an economics professor at Boston College. He's of the opinion that inflation is cooling its heels, so the Fed can afford to take a breather. Bethune goes on to say, "There is some chance they may have overtightened," a bit like when you twist the lid on a jar of pickles so tight that you can't get it open again. On a positive note, Bethune points out, "there is a much higher probability that the Fed can engineer a soft landing than there was three or six months ago." And isn't that what we all want? A soft, cushy landing after this economic thrill ride. All the while, stocks were doing the cha-cha in afternoon trading on Wednesday, not quite sure whether to shimmy up or down, while the yield on the 10-year Treasury note strutted its stuff, climbing up to 3.45%. Now, the burning question on all our minds is: What's next? With the economic tea leaves not quite spelling out the future, it's anyone's guess. And isn't that the beauty of it all? The suspense, the uncertainty, the thrill of the gamble. I can almost picture the Fed playing a game of poker, keeping its cards close to its chest, a Mona Lisa smile playing on its lips. Personally, I can't help but feel a tad excited about this uncertainty. After all, who doesn't love a good cliffhanger? It's like a binge-worthy Netflix series, where you just can't wait to see what the next episode brings. And while we wait for the next move from the Fed, perhaps it's a good time to remind ourselves of the old saying, "Patience is a virtue." Because, whether we like it or not, the economic world operates on its own timeline. In the end, all we can do is wait and see. Will the Fed hit the pause button in May? Or will it continue its upward march, like a determined hiker scaling a mountain? Only time will tell. But one thing is for sure: whatever the outcome, it will certainly add another interesting chapter to our ongoing economic saga So here's to the Fed, the master puppeteer of our economy. May it make the right moves and guide us to a prosperous future. And may the odds be ever in our favor.  Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.   [UNSUBSCRIBEÂ]( TradersOnTrend.com  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316Â