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With Bitcoin prices surging to an all-time high of $11,517.40 on Nov. 29, some companies are trying to turn themselves into a "Bitcoin stock" to cash in on the craze. Don't be fooled by these risky companies; there are better ways to profit from Bitcoin without ever owning it…
You see, with Bitcoin up 900% on the year, investors are wanting in on the action.
But most of these companies are speculative investments that are just trying to entice investors to part ways with their hard-earned money.
Instead, we found an opportunity that lets you avoid the speculative risk of buying companies trying to pass themselves off as "Bitcoin stocks" and still bank a potential 65% profit in the next 12 months…
Avoid Speculative Bitcoin Stocks & Still Profit
Thanks to Bitcoin prices surging nearly 900% in 2017, some companies are trying to cash in on crypto craze.
For example, Grand Pacaraima Gold Corp. was a gold mining company that decided to change its name to First Bitcoin Capital Corp. (OTCMKTS: BITCF) in 2014.
It now owns a cryptocurrency exchange, a cryptocurrency news site, and manages cryptocurrency mining pools.
But a company changing names – and completely changing industries – is a red flag for investors…
This can be a tactic for penny stock manipulation, as companies will try to bring in money even when their business may soon close or is in financial trouble.
Despite the warning signs, the BITCF stock price has climbed 5,300% in 2017, just because the company has Bitcoin in its name.
We don't want Money Morning readers to follow everyone else into risky situations like this.
Instead, through our "backdoor" Bitcoin stock investment strategy, you can own shares of a company that's been in business since 1997.
This company is also run by a forward-thinking CEO who first started accepting Bitcoin payments back in 2014.
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And because his firm is now holding up to 50% of Bitcoin payments in Bitcoin, the company becomes more valuable each time the price of the crypto coin climbs higher.
Here's the "Bitcoin stock" investment that's already netted shareholders a 215% return in 2017 and could climb another 65% in the next 12 months…