The cryptocurrency industry is booming, and after recently falling below $60,000, Bitcoin (BTC) is expected to hit $70,000. The impending US election and the Federal Reserve's move to lower interest rates have stoked investor enthusiasm for riskier assets like tech stocks and cryptocurrencies.

Given this favorable climate, investing in Bitcoin-centric stocks like Robinhood Markets, Inc., NVIDIA Corporation, and CME Group Inc. presents a compelling opportunity for near-term growth.

Bitcoin Breakthrough

Bitcoin's Resurgence

The value of Bitcoin has increased to $67,249.66, continuing its recent upward trend. The trajectory of cryptocurrencies is a good indicator of a larger optimistic trend driven by the dovish monetary policy of the Federal Reserve, increasing global liquidity, and economic stimulus from China.

Bitcoin-Related Stocks to Benefit

Interest rate reductions by the Federal Reserve have made the market more favorable for growth assets, such as cryptocurrencies. Lower interest rates reduce the opportunity cost of holding non-yielding assets, encouraging investors to seek out higher-yielding investments, even if they carry increased risks.

Three Promising Bitcoin-Related Stocks

Robinhood Markets

Robinhood Markets, a leading financial services platform, offers users the ability to invest in a variety of assets, including cryptocurrencies. The company's expected earnings growth rate for the current year exceeds 100%, and its Zacks Consensus Estimate has improved significantly over the past 90 days.

NVIDIA

NVIDIA, a pioneer in visual computing technologies, has expanded its focus to include artificial intelligence-based solutions for high-performance computing, gaming, and virtual reality. NVIDIA is a compelling investment opportunity, with analysts projecting earnings growth of more than 100% and a good outlook.

CME Group

CME Group gives investors the chance to buy cryptocurrency futures contracts by offering options for Bitcoin and Ethereum. The company's expected earnings growth rate for the current year is 7.9%, and its Zacks Consensus Estimate has shown steady improvement.

Conclusion

Investing in equities associated with Bitcoin can present substantial growth potential as the cryptocurrency industry continues to rise. Robinhood Markets, NVIDIA, and CME Group are well-positioned to benefit from Bitcoin's upward trajectory and the favorable macroeconomic conditions.