Bitcoin-Related Stocks Aim to Capitalize on Cryptocurrency Craze, Investopedia

Bitcoin-Related Stocks Aim to Capitalize on Cryptocurrency Craze, Investopedia

Spil the price of bitcoin surges to more than $7,000, cryptocurrency-focused investment possibilities are emerging. (See more: Bitcoin Price Is Up Again And Could Go Higher.)

Wild price fluctuations have made some bitcoin and other cryptocurrency investors a fine overeenkomst of money, but they also scare away some prospective investors. So what should one do to balance the desire to get involved against the riskiness of actually purchasing tokens or coins?

One suggestion that Investor Place has made is to buy stock te companies related to the cryptocurrency trend. Thesis are companies which might be capitalizing on some opzicht of the boom, but which ideally suggest a bit of a buffer te case the entire market collapses.

1. Nvidia Corporation (NVDA)

Nvidia is a corporation that has seen its stock price almost dual te 2018, largely thanks to rente from cryptocurrency enthusiasts. This is because Nvidia makes high-performance graphics processors. Thesis pc hardware lumps were originally designed for use with complicated movie spel equipments, but they have bot co-opted by mining operations that generate bitcoin and other digital currencies.

The result? Spil bitcoin mining garments have taken off around the world, Nvidia’s revenue has climbed 40% for fiscal 2018. And its graphics cards have sold out around the world because the request among miners is so high.

Two. Advanced Micro Devices (AMD)

Advanced Micro Devices Inc. launched ter 1969. This makes Advanced Micro ancient compared with other tech companies. And yet, AMD has quickly earned a spot te the cryptocurrency hall of fame because of its graphics processors.

Alibaba Group Holding Ltd. (BABA) determined to use Advanced Micro Devices chips for its cloud operations last year, which set AMD on a path to success. The cryptocurrency mining trend has helped fuel this growth. (See more: Intel, AMD Team up for the Very first Time Since the 80s to Take on Nvidia.)

Trio. Bitcoin Investment Trust (GBTC)

Bitcoin Investment Trust is a company that aims to bring digital currency investment to small-scale investors. It is notable for being the very first publicly-traded bitcoin fund.

It launched spil a private investment fund ter 2013. The value of Bitcoin Investment Trust is almost dual the value of the bitcoin it holds, permitting users to buy GBTC te a tax-advantaged account. The coins associated with the trust are held independently and securely.

Four. Microsoft Corporation (MSFT)

Spil of this writing, Microsoft has not entered the digital currency field directly. Still, the blockchain technology which supports digital currencies has made a major influence on some of the largest tech companies around, including MSFT.

Microsoft has bolstered open-source and blockchain technology since its early days. (See also: Could Amazon Be Getting Into Cryptocurrency?)

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