Stocks that will rise with bicoin
I find it fascinating to look at stocks that get to benefit from the success of bitcoin.
Lets look at MU. I have followed micron for the past two years. MU has performed extremely well. On May 1st 2017 MU was trading at $28.00. Today MU is trading at $61.00.
I have used a strategy called selling puts, and selling calls on MU, and over that time I have made over $1,000.
If we have no major market pull back or fear that sets into the market due to political news, we could see MU at $100 next year. I believe we will see micron touch $80 by October.
Micron is benefiting from bitcoin mining because of the gddr6 technology. MU ramping up the production of this chip to focus on the gaming and graphics to keep the price point to $300 and below. This is where a bulk of the GPUs are sold.
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