Jun 30, · Read The Balance's Financial Review Board. Julius Mansa. Updated June 30, The big boys and girls on Wall Street are dipping their toes into Bitcoin, and they're looking at creating a big-player Bitcoin stock market. It’s an interesting development for a rebel technology that prides itself on no central control. Nov 06, · Doubleline Capital's CEO, the billionaire "bond king" Jeffrey Gundlach, has predicted that the stock market is going to "crack pretty hard." While he is bearish on the stock market . Dec 18, · The stock market rally hit fresh highs on stimulus deal hopes. The coronavirus vaccine rollout has begun, while Bitcoin soared.
Is bitcoin going on stock marketBitcoin May Be Down, but These Cryptocurrency Miner Stocks Are Soaring Today | The Motley Fool
Don't get me wrong, I like some cryptocurrencies, and I even bought bitcoin and Ether. I see it as a simple case of supply and demand. Specifically, the supply of bitcoin is limited -- and recently we've seen a surge in demand from corporate entities. This increasing demand coupled with limited supply could keep pushing bitcoin prices higher. So I do believe cryptocurrency prices can continue to rise. I'm just not sure that bitcoin miners are the best way to invest in this trend.
Even if profits for Marathon, Riot Blockchain, and Bit Digital soar in , it's only a matter of time before cash flow would need to be invested in upgrading their equipment. I'm not sure that leaves much room for creating shareholder value long-term. There are plenty of other cryptocurrency stocks that could hold more potential. But it has powerful hardware that can be used in bitcoin-mining operations as well. In other words, the company could benefit from bitcoin miners buying new equipment, but its business isn't dependent upon that happening.
And I think Buffett would agree that that's a better horse to bet on. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. New Ventures. Search Search:. Dec 21, at PM. Author Bio After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer.
What's great about exploring business and the economy is the insight it gives you into how things are in the world. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform.
Appreciate my writing, have an idea for me, or is there an issue with something I wrote? With regulations comes more scrutiny into how Bitcoin and other cryptocurrencies operate. As new cryptos hit the market they often use ICOs to do it. An ICO is a method used by cryptocurrency startups to bypass regulated and rigorous capital raising processes that are required by banks and venture capitalists. Typically, in an initial coin offering a percentage of the new cryptocurrency is sold to early investors in exchange for Bitcoin or other legal tender.
It looks like there will be more of an effect on initial coin offerings when regulators come in to deal with the growing Bitcoin stock market and other cryptocurrency efforts. And as crypto gets bigger, regulation is more likely to happen. Guide to Bitcoin. Full Bio Follow Linkedin. Follow Twitter. Brian T. Edmondson was the online business expert for The Balance Small Business. He also covered topics on bitcoin and cryptocurrency for The Balance. Read The Balance's editorial policies.