11 rows · Dec 08, · Prime XBT is a popular Bitcoin-based cryptocurrency trading exchange that 5/5. Apr 11, · There isn't a way to invest in Bitcoin the way you would invest in the stock of a company. But depending on the long-term plan for your newfound cryptocurrency, buying Bitcoin Author: Steve Fiorillo. Oct 14, · If you absolutely want bitcoin exposure, the best way to do that would be to buy fintech stock Square (NYSE:SQ). Square's longest-running operating segment, and the one most folks are going to .
Use bitcoin to trade stocksTop 10 Best Bitcoin Stocks to Buy in
This creates a steady level of demand and ownership for what's perceived to be a limited token. But if you ask me, there are much better ways to invest your money than by purchasing bitcoin.
The issue with the most popular cryptocurrency is twofold. First, there's a scarcity-versus-utility problem. Since a substantive percentage of outstanding tokens are held by investors who have no intention of using their coins to make purchases, the utility of bitcoin as a purveyor of digital transactions is quite low.
Since programming is all that keeps bitcoin's token limit at 21 million, this could be overridden in the future. Thus, bitcoin either has limited utility or scarcity -- not both. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain.
The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.
Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App. Cash Card is a traditional debit-card that links to a users' Cash App balance.
While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment. If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it.
Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region. To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors. The far more exciting operating segment for the company is its Shopee e-commerce platform.
Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia. But it's not as if Shopee wasn't growing like a weed before the coronavirus pandemic hit. Additionally, Sea launched SeaMoney in , which today provides mobile wallet services and payment processing for individuals and businesses. In Q2 , the number of paying users for its mobile wallet services topped 15 million. If your heart is set on digital payments, skip bitcoin and enjoy the high-growth and digital exposure you'll get with Sea Limited.
If your thesis surrounding bitcoin is that it could lead to a digital purchasing revolution , cloud-based e-commerce solutions provider Shopify is the company for you.
According to the company, it already possesses the second-highest share 5. The beauty of the Shopify platform is that the company is only scratching the surface , in terms of addressable market, yet is already the second-largest online retailer by GMV.
What's more, this is a subscription-driven business model that's highlighted by robust margins and minimal client churn. This is a high-growth company that's still in the early innings, and investors would be wise to choose it over an investment in bitcoin.
Glance Pay changed the manner by which cell phone clients interface with vendors, choose places to dine, make payments, order products, and access digital records.
Established in July of , this organization was intended to give investment administrations to the blockchain biological system. These ten bitcoin stocks are the best ones among hundreds of them all over the globe. TWJ press release service. TWJ has no responsibility for any content published under Guest Author. The publishers provide the contents. It is an 'advertisement. The color red was painted across the crypto market. There was a crypto carnage that had taken over the market All Rights Reserved.
NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm. Select Language Spanish. Tron Weekly. Home Opinion. November 27, Share on Facebook Share on Twitter. MasterCard Stock MA Just as the companies mentioned above, MasterCard also upholds blockchain, an innovation with disruptive potential for its part of business, for quite a while.
Glance Technologies GLNNF Glance Technologies is a functioning player in the digital currency biological system as they officially possess and work the Glance Pay streamlined installment framework. Riot Blockchain, Inc. RIOT Established in July of , this organization was intended to give investment administrations to the blockchain biological system. Tags: Bitcoin BTC. Guest Author TWJ press release service. Related Posts. Market Analysis. December 25, Read more.
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