If I Could Only Buy 1 Stock Right Now, This Would Be It
Although not everyone is willing or able to purchase Bitcoin (CRYPTO: BTC) directly in their investment accounts, shares of Riot Platforms (NASDAQ: RIOT) provide exposure to the cryptocurrency's potential upside. There may not be a 1-to-1 correlation between Bitcoin and Riot stocks, but there's no denying the influence of the former on the latter.
I've chosen Riot Platforms stock as my July pick to express my bullish outlook on Bitcoin and companies that produce it. The company's growth is remarkable and its ambitions are undeniable, especially in light of a large-scale mining infrastructure purchase that will solidify Riot Platforms' place as a crypto-producing powerhouse.
Sometimes, zooming out on a chart can provide crucial perspective. Both Bitcoin and Riot Platforms stock are prime examples of this. Bitcoin is up sharply year to date, but it's still nowhere near its all-time high of around $69,000.
Source Fool.com
