Two Penny Stocks Bitcoin Investors Might Want To Follow

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Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings are two penny stock names that are positioning themselves to capitalize on the digital currency explosion. The Case For Penny Stock Crypto Exposure The price of bitcoin exploded to an all-time high above $40,000 in early 2021 yet the industry is still in its infancy. Companies today are only establishing their businesses to take advantage of the long-term growth potential of bitcoin and this would explain why their stocks are still cheap. The concept of…

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