2022 Best Cryptocurrency
Stocks
Cryptocurrencies have quickly become a hot investment that is gaining mainstream adoption. Markets for digital currencies such as Bitcoin were virtually unheard of back in 2012. But, since then, it has grown into an industry worth more than $1.7 trillion. This sudden surge in value and rapid evolution has created immense wealth for early crypto investors. As a result, there is huge interest in finding and investing in the next cryptocurrency unicorn.
With more than 12,000 different cryptocurrencies on the market and the world having been pushed further into the digital realm by the COVID-19 pandemic investing in technologies that serve as the gateway between the digital blockchain space and our human society could be even more lucrative than trying to guess which token will become the next Bitcoin or Ethereum. And there is no shortage of innovative companies trying to bridge the gap between the two worlds.
The original idea behind blockchain technology digital ledger that automatically tracks transactions between parties and confirms ownership of a crypto asset was to create a borderless, peer-to-peer electronic cash payment system that's efficient and secure
Investors can certainly invest in cryptos themselves, perhaps by buying small amounts of several different cryptocurrencies.
But a better way to gain exposure to the sector is to invest in companies -- even bigger, more established companies -- that benefit from increased popularity of blockchain and crypto assets. The revenue crypto service providers are deriving from blockchain tech has explosively grown over the past few years.
Companies that adopt blockchain technology, especially in finance, may be able to gain a huge edge over traditional competitors in processing payments.
And brokers who offer digital assets also may attract more customers than exchanges that only offer traditional assets such as stocks and bonds.
IN KEEPING WITH THAT GUIDANCE, HERE ARE SOME OF THE BEST CRYPTOCURRENCY STOCKS TO CONSIDER:
Block and PayPal Holdings
Coinbase Global
Facebook and Shopify
Robinhood Markets
Canaan and Hut 8 Mining
Nvidia and AMD
CME Group
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