After a bull run lasting a decade and a half, the U.S. dollar experienced a significant decline, falling by about 11% against other currencies in the first half of 2025. This marks the worst performance in decades. Several factors have contributed to this downturn, including persistent inflation, uncertainty surrounding tariffs, and geopolitical turbulence that has affected global markets.
This situation presents a unique opportunity for savvy investors. Many portfolios may begin to shift toward international companies, commodities, and precious metals as we move through the year and beyond.
Among the potentially overlooked investment avenues are cryptocurrency stocks. Companies involved in the crypto space—whether through mining operations, exchanges, or other services—are likely to benefit from a weakening dollar. As investors seek stability or growth, there could be a notable shift in allocations away from traditional assets toward these alternatives.
A more favorable regulatory environment is also expected to drive cryptocurrency prices upward. For instance, Bitcoin has already seen a nearly 20% increase year-to-date (YTD), contrasting sharply with the dollar’s performance.
Below, we explore three companies in the crypto sector that investors may want to keep an eye on.
Coinbase Could Benefit From New Spot Crypto ETF Rules, Business Adoption
As one of the largest cryptocurrency exchange platforms globally, Coinbase Global Inc. (NASDAQ: COIN) boasts a market capitalization of just under $85 billion. The company is particularly known for facilitating ETF trading in the crypto space and serving as a custodian for many spot Bitcoin ETFs. The SEC’s recent decision to streamline spot crypto ETFs is expected to open doors for a range of new funds available through Coinbase, likely benefiting the company and attracting a broader customer base.
While Coinbase remains a popular choice for retail crypto traders, businesses are increasingly leveraging its crypto-as-a-service offerings, including payment services. This contributed to $1.5 billion in revenue for the latest quarter. However, this figure fell short of the $1.7 billion analysts had predicted, and Coinbase also missed on earnings.
Despite this, analysts are optimistic about Coinbase’s potential to boost earnings in the coming quarters, with expectations of nearly 19% growth in the following year. Thirteen out of 25 analysts have rated COIN shares as a Buy, suggesting a potential upside of 12% based on analyst estimates.
Popular Free Brokerage Positioned to Sweep Up New Crypto Interest
Online broker Robinhood Markets (NASDAQ: HOOD) is well-known for its commission-free trading platform. In recent years, the company has significantly expanded its crypto offerings, making it a popular alternative to dedicated cryptocurrency exchanges.
If trading volume in cryptocurrencies increases on Robinhood’s platform, it will boost the company’s overall volume and lead to higher uptake of its paid tier. The combination of traditional brokerage services and crypto may also encourage once-skeptical retail investors to explore cryptocurrency trading.
Robinhood reported a 45% year-over-year increase in revenue for the most recent quarter, with trading volume and assets under custody also on the rise.
Robinhood’s stock has more than tripled this year, and its P/E ratio has been steadily climbing over the past six months, indicating it may be overvalued. Nevertheless, Wall Street remains enthusiastic, with 11 out of 18 analysts rating HOOD shares as a Buy.
Fast-Growing Bitcoin Miner With Strong Cash Flow and a Recent Share Buyback Plan
Bitfarms Ltd. (NASDAQ: BITF) is a Bitcoin mining firm operating across North and South America. Trading at under $3 per share, Bitfarms is often overlooked due to its penny stock status.
The company is undergoing a major operational overhaul, planning to shut down a mining site in Argentina to cut costs and enhance efficiency. Additionally, Bitfarms is converting some of its crypto-mining capacity into data center space in the U.S.
Focusing primarily on Bitcoin mining, Bitfarms added 12,000 rigs in the latest quarter, producing close to 7.2 BTC, which translates to approximately $8 million in monthly free cash flow. This growth has enabled the company to initiate a share buyback program, contributing to a more than 60% increase in BITF stock YTD. Consequently, six analysts unanimously recommend buying the stock, with an estimated upside of nearly 53%.
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