How to Take Advantage of Bitcoin Rallies without Buying

By TradeSmith Editorial Staff

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Investors are getting “crypto curious” again with the price of Bitcoin (BTC) off to the races in 2023.

Over the last 30 days, the price of BTC has climbed 36%, with a few other well-known cryptos nearly matching Bitcoin’s gains:

  • Ethereum (ETH): 30%
  • Litecoin (LTC): 31%
  • Dogecoin (DOGE): 28%
Of course, I know that many folks are interested in this sector but that they want to dip their toes into the crypto water before doing a full cannonball by owning cryptocurrency outright.

And while the best way to profit from cryptocurrencies is to own the assets themselves, there’s nothing wrong with taking advantage of ancillary opportunities.


You can still make a lot of money buying shares of a publicly traded company that operates within the cryptocurrency sector. Plus, it’s an easy way to get started because you can use your current broker.

That’s exactly the type of opportunity LikeFolio co-founder Landon Swan shared on T.D. Ameritrade’s “Fast Market.”

But before getting into why this one company has been a shining crypto investment thus far in 2023, you need to be armed with a little more background.

One Collapse Is Another Crypto Company’s Gain

At the start of November, FTX was one of the largest crypto exchanges in the world and about as close to a household name in crypto as you could get.

A Super Bowl ad spot starring iconic comedian Larry David put FTX in front of 96.4 million viewers. Sports legends Tom Brady and Steph Curry readily lent their influence to FTX for a hefty paycheck, and a 19-year naming rights contract worth $135 million made sure the FTX logo was plastered all over the NBA’s Miami Heat stadium.

Then things quickly changed…

The drama kicked off on Nov. 2 with a CoinDesk story revealing that FTX’s sister company, Alameda Research, had an unusual amount of FTX Token (FTT) listed on its balance sheet, despite being a separate entity.

We’re talking $5.8 billion out of $14.6 billion – representing 40% of Alameda’s balance sheet — linked to FTT.

With suspicions raised that Alameda could be going under, Binance CEO Changpeng Zhao (“CZ”) announced on Nov. 6 that he had dumped $529 million worth of FTT from his exchange overnight.

Whether that move was calculated or not, it sent investors into full-blown panic mode and triggered a $6 billion “bank run” between Nov. 5 and Nov. 7 as investors made their exit en masse.


Sam Bankman-Fried (“SBF”), founder of both FTX and Alameda, filed both companies for bankruptcy in the U.S. on Nov. 11. Just a few hours later, another $477 million went missing from FTX in an apparent “hack.”

All of this only served to spook investors and add another reason for those who had avoided crypto investing to continue to keep their distance.

However, Landon said that the FTX meltdown positioned at least one crypto exchange in a positive light, revealing it to be the most regulated safe haven for crypto. After all, he notes, “you’ve got to put your coins somewhere.”

And since the start of the year, this crypto-exchange stock is already up 100%.

Now, Landon does share that if crypto prices start to slide, that will be a concern for this stock. But if Bitcoin prices start to rally to $50,000 and higher, that will bring in renewed interest, more traders and investors, and more fees to collect… which just adds up to more money for this company.

You can hear Landon’s insights and full outlook for this company here.