Here's What Will Power Silvergate Capital's Next Phase of Growth
The past year has been quite volatile for both stocks and cryptocurrencies. The S&P 500 index has lost about 1.5% in the past year, while Bitcoin has fallen 28% in that same time.
One stock that has outpaced both is Silvergate Capital (NYSE: SI), a bank that serves cryptocurrency customers. Silvergate Capital is up 9% over the last year and up more than 800% over the past five years. Some recent moves could help propel the bank's shares even higher. Specifically, there are two initiatives management talked about during its recent earnings conference call that should have investors excited.
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Source Fool.com
