Today, it seems that the world of cryptocurrencies has taken that path, with companies now holding Bitcoin in their balance sheets as part of a completely unrelated strategy relative to core operations. The objective seems to be to make the stock popular among new investors and others who are riding on the cryptocurrency tailwind. However, as these seasoned participants know, fundamentals eventually start to matter again.
In this theme, some stocks in the financial sector have sold off on the belief that stablecoins will replace their services. While the bears might have won this battle in the short term, the bulls are likely to win the war in the end. This is why considering the dips in Visa Inc. (NYSE: V), Mastercard Inc. (NYSE: MA), and American Express Company (NYSE: AXP) may be some of the best opportunities today.
