When the dust finally settles and the calendar changes over toinvestors are likely to look back on as the year of the cryptocurrency. Leading the way, even though it's "underperformed" its digital peers this year, is bitcoin. Pushing bitcoin higher has been a mix of fundamental, emotional, 1000 per bitcoin stocks news-driven events.
Fundamentally, investors are excited about the potential for blockchain, the underlying technology of many cryptocurrencies, including bitcoin. This digital 1000 per bitcoin stocks decentralized 1000 per bitcoin stocks records transactions without the need for a financial intermediary like a bank, and it's expected to be a major step forward in security for the financial services industry.
Emotionally, bitcoin has appealed to retail investors who don't want to miss the boat. These once-in-a-lifetime gains have attracted investors, big and small, but it's mostly kept institutional investors relegated to the sidelines because of the unregulated nature of the currency.
More recently, news has been the biggest price driver. The entrance of institutional investors through futures trading should help calm bitcoin's wild volatility, and perhaps improve liquidity.
The big question for many investors is how they can take advantage of bitcoin without having to actually buy bitcoin. After all, until those future contracts are up and running on CME Group's exchange, buying and selling bitcoin can only be done on decentralized exchanges, which often have wild volatility and potentially limited liquidity.
The following stocks offer some 1000 per bitcoin stocks of correlation to bitcoin, but not all are worthy of consideration. GBTCrun by Grayscale. This is a relatively passive fund that owns bitcoin and gives investors a potentially more liquid approach to investing in the virtual currency through their broker. However, the trust ended Nov. There's really no explanation for this premium, other than improved liquidity over decentralized exchanges, but that doesn't really merit a premium of this magnitude.
Perhaps no publicly traded company has gone all-in with virtual currencies more than online retailer Overstock. The build-out of the Medici t0 blockchain is incredibly exciting because it's designed to be a blockchain-based securities lending system that goes head-to-head with Wall Street at a more efficient and cheaper rate.
But is Overstock worth considering as a bitcoin stock? Honestly, the company has struggled to deliver consistent growth, and as of now its virtual currency blockchain operations are costing it money rather than helping. That isn't to say things won't change, but Overstock. Though the company is well known for its high-powered graphics cards for the gaming industry, it turns out that these graphic cards come in particularly handy when 1000 per bitcoin stocks cryptocurrencies.
Unfortunately for investors, NVIDIA doesn't break out what percentage of revenue is derived from virtual currency mining, which leaves Wall Street guessing. Nonetheless, record high after record 1000 per bitcoin stocks for bitcoin and its peers are bound to continue attracting new miners, which could be a good thing for NVIDIA. With enterprises moving into the digital realm, the demand for data is only 1000 per bitcoin stocks to 1000 per bitcoin stocks, which should provide NVIDIA with a double-digit percentage annual growth opportunity.
Traditionally known as a chipmaker and the biggest rival to Intel in the personal-computing market, AMD has switched gears in recent years and focused its efforts on the expanding graphics card arena. But is AMD really a bitcoin stock to considering buying? Maybe not, considering that its legacy PC business is struggling mightily. It would probably also be difficult to keep up its recent rapid growth derived from virtual currency mining. In terms of the worst bitcoin stock, I give you the over-the-counter-traded First Bitcoin Capital Corp.
This company describes itself as a developer of virtual currencies, blockchain technology, and cryptocurrency exchanges, but it's generally produced 1000 per bitcoin stocks but losses since its inception.
Having only recently become a digital currency-focused company, First Bitcoin Capital previously owned mineral rights in Venezuela. In other words, it made quite the logistical jump back in from a gold-focused company to a completely new mode of business.
Though it has bitcoin in the name, this company is no way emblematic of the gains bitcoin has seen in In other words, there really aren't any bitcoin stocks worth buying as an alternative for investing in bitcoin. NVIDIA appears to be the strongest of the bunch, but its strength lies with expectations for cloud and 1000 per bitcoin stocks growth, not cryptocurrency mining or anything having to do with bitcoin.
Since my opinion is that bitcoin is looking more like a bubble by the day, I'd suggest investors keep their distance. Sean Williams has no position in any of the stocks mentioned. The Motley Fool recommends Intel. The Motley Fool has a disclosure policy. Offer from the Motley Fool: After all, the newsletter they have run for over a decade, Motley Fool Stock Advisorhas tripled the market. David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks! Sean Williams, The Motley Fool. A physical gold bitcoin lying atop a spread pile of hundred dollar bills. Bicycle chains with binary code linked together to represent blockchain technology.
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