If You Invested $1,000 in Riot Platforms Stock 5 Years Ago, This Is How Much You'd Have Now
As the company's name implies, Riot Platforms (NASDAQ: RIOT) is a Bitcoin (CRYPTO: BTC) miner that's not afraid to show its revolutionary streak. Even as Securities and Exchange Commission Chairman Gary Gensler continues to argue that Bitcoin is a "highly speculative, volatile underlying asset," Riot Platforms presses on as a relentless Bitcoin producer.
Granted, Bitcoin is volatile, and so is Riot Platforms stock. Still, a right-sized stake in this ambitious Bitcoin miner could produce riotous results for crypto-amenable portfolios.
There's no denying that a pre-COVID-19 position in Riot Platforms stock yielded outsized gains. However, riding out the peaks and valleys seems easier in hindsight than it undoubtedly was in real time.
Source Fool.com
