Three Stocks That Could Profit Big From Crypto Boom

With crypto hitting new levels there are still opportunities in Stocks and there are three in particular to watch. These two of these businesses you most likely already know but one could possibly have big gains under an acquisition.

AMD (NASDAQ:AMD)

Of course this one has to make the list. They simply are the biggest go to when it comes to GPU miners and still effectively mine Ethereum. While they might be profitable now there's two large upcoming changes that could effect this stocks price. However in the short term I see gains.

Two big changes in Ethereum - Upcoming EIP 1559 will pretty much remove miner fees and instead only reward on blocks and in effect burn fees instead. While this sounds like a negative it's actually a positive if miners would stop being so suborn headed.

1. Reduced fees means more people are going to use the blockchain thus creating value to the coin
2. Burning the fees means less coins to go around. Thus reducing supply and making the coin that much more valuable. Thus your miners should still in theory make as much or more $ value from mining in this method.

But soon after that Ethereum 2.0 will roll out and render all minors pointless as it moves to Proof of Stake. That means HOLD ON TO YOUR ETHEREUM so you can make more Ethereum!

Intel (NASDAQ: INTC)

Intel has some headwind as of late however the company is currently already invested into a new platform which is starting to increase in demand. While I wont say what it is just yet until we drop down into stock three after this.

One of the biggest things they have recently done was filed a patent for SoC or System On Chip optimized for cyrpto mining tasks. This system could power mining systems running GPUs, ASICs and... The new one! Which we will get into right now.

Xilinx (NASDAQ: XLNX)

Currently AMD is looking into acquisition of this company. They company specializes in FPGAs or what's known as Field-programmable gate arrays. While these chips are not as powerful as Asic systems they are more powerful than GPUs when paired up with HBM High-bandwidth memory chips.

What these FPGA chips are integrated circuit designs that after receiving them can be programmed for a task. This includes mining crypto. These can also be interlocked with other chips including themselves easily allowing custom configured systems to exist for whatever tasks you want to program them for. This in itself could lead to massive new systems that are designed in the most efficient way possible to mine crypto.

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