While not financial advice, the benefits for investing in one of these crypto-aligned stocks is less volatility, enhanced investment diversity, as well as easy access and onboarding. It’s also extremely easy to purchase shares of this stock. So unlike Grayscale BTC Trust and Microstrategy, your investment in Coinbase is diversified across a broader cross section of the cryptoverse. Another advantage of Coinbase is that it currently lists 63 coins and tokens for trading on its platform – adding 22 of those in the second quarter of this year alone. While a significant portion of its revenue currently comes from investors’ transaction fees, it is making a significant investment in building a global blockchain-based infrastructure.Ĭoinbase leadership believes that it will be able to create a cloud-based blockchain platform that’s analogous to Amazon’s Web Services network. It has a market capitalization of $63.6 billion and a 12-month price range of $208-$429.54 per share. Coinbase is the largest US-based cryptocurrency exchange in the world. This company is another subsidiary of the Digital Currency Group similar to Grayscale. We’ll look at four stocks based on a snapshot of their stock performance metrics following their most recent market close, with their price chart opened to the max view from when they began trading.įinally, we have Coinbase. For a company to sell stocks, it has to go through a rigorous process leading up to its initial public offering (IPO) and then it must adhere to Security and Exchange Commission regulations to stay listed on a public stock exchange. That’s quite different from buying a coin or token, which is basically an open-source, yet secure, software investment. Owners of stocks, are owners of a portion of the company issuing the respective security. However, there are alternative investments in the form of stocks that are aligned with blockchain and cryptos that are worth considering. Again, Investing in crypto is not for everyone. Let’s be honest, not everyone can stomach intraday price swings of 20% or more happening every 3-6 months or so. And we’re fine with old-guard investors such as Jamie Dimon and Warren Buffet calling cryptos a bubble and “rat poison squared.” We’re fine with whales manipulating the market. We’re fine with the fear, uncertainty, and doubt (FUD) posing as news. Investing in cryptocurrencies is not for everyone.įor those of us who’ve been in the crypto-space for more than a year or two, we’re fine with the volatility.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |