When investing money, many people go for two major routes: buying Cryptocurrency or investing in stocks. But what if you could combine the two and invest in stocks traded by companies that deal with Cryptocurrency? Doing so would be a great way for people more comfortable dealing with stocks to dip their toes into the digital assets pool.
Cryptocurrency vs. Stocks
A stock is something more people are familiar with. Stocks represent individual shares or ownership of a company. If you buy a company’s stocks, you own a part of the company and can therefore receive capital gains and dividends from the company. You can buy stocks from the public stock exchange after looking at a company’s financial statements.
On the other hand, Cryptocurrency is an entirely different asset. It is essentially digital files secured cryptographically and not sold via the stock market. Instead, Cryptocurrency is sold on a separate crypto exchange. Some Cryptocurrencies also give users some power over governing their underlying network.
Cryptocurrency Stocks to Buy
1. NIVIDA Corp.
NIVIDA Corp. is well known for producing computer gaming graphic cards. The company has recently started Cryptocurrency mining using specialized mathematics-solving equipment.
2. Block Inc.
Block Inc. is a company formerly known as Square and provides financial services and payment processing. Cash App, an app by the company, allows users to buy Bitcoin and invest in stocks. The company held up to $137 million in digital assets in 2021.
3. PayPal Holdings Inc.
Similar to Block Inc.’s Cash App, PayPal Holdings Inc. is a technology company that created the PayPal and Venmo apps that allow users to make crypto payments and buy Cryptocurrency.
4. Coinbase Global Inc.
Coinbase Global Inc. is a company that is responsible for the largest crypto exchange in the United States and became the first public Wall Street crypto exchange in 2021. The company makes money with every digital asset bought and sold on the platform.
5. MicroStrategy Inc.
MicroStrategy Inc. is a software and analytics company with a significant reserve of Bitcoin, which is one of the first and definitely one of the most valuable Cryptocurrencies. The company is said to own over $5.2 billion in Bitcoin so far.
6. Advanced Micro Devices Inc.
Advanced Micro Devices Inc. is a company that manufactures computing equipment such as GPUs (gaming processing units). These GPUs are essential for crypto mining, and the demand for GPUs increases significantly as the demand for Cryptocurrency increases.
7. CME Group Inc.
CME Group Inc. offers financial services, as well as clearinghouse services and derivatives exchanges. The company’s services also cover Cryptocurrencies like Bitcoin and Ethereum.