Cryptocurrency is one of the most popular investments worldwide. The market for virtual currencies such as Bitcoin has grown to become a multibillion dollar industry since its creation in 2012.
The cryptocurrency market was worth $3 trillion in the autumn 2021. The rapid rise in value of cryptocurrency and its innovations made it a lucrative investment. It is now easier than ever to identify and invest in the next cryptocurrency gem.
These are the Top Five Stocks to Invest this year.
1)- Coinbase Global (COIN)
Coinbase is a popular cryptocurrency exchange that allows you to buy, sell, and store bitcoin. All investors, from individuals to institutions and families, are welcome.
This cryptocurrency exchange is used by more than 89 million people in over 100 countries. The corporation has made investments in several blockchain-related ventures to increase its digital offerings. These include BlockFi, Compound, Etherscan and BlockFi. Coinbase is an excellent long-term investment because cryptocurrency is still young.
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2)- MicroStrategy Inc. (ticker: MSTR)
MicroStrategy, a data analytics company is considered a proxy for Bitcoin due to its increasing allocation to cryptocurrency. A Bitcoin value of $40,000. It views Bitcoin as an asset that can be redeemed over time or as a long-term source of wealth.
itcoin for Corporations was a MicroStrategy-sponsored event held in January to address the advantages of using Bitcoin in business endeavors. The conference featured Michael Saylor, CEO of MicroStrategy and a passionate advocate for Bitcoin. MicroStrategy shares could fluctuate as Bitcoin’s price fluctuates, since the company is financially tied to Bitcoin.
3)- Nvidia Corporation
Nvidia Corp. could be a great long-term investment option for crypto enthusiasts. Nvidia’s graphics processor unit (GPU) is a type of semiconductor that powers consumer electronics. Gaming graphics cards make up the majority of Nvidia’s revenue.
Nvidia launched a new product, GPUs for mining, during the rise in cryptocurrency. This equipment is designed to improve productivity and appeal to professional miners. Nvidia’s crypto mining graphics cards are some of the most advanced in the industry.
4)- Tesla Inc.
Another public company that could be considered a Bitcoin investor is Tesla. It has a large number of digital assets, which shows that Tesla is confident in their potential. Tesla’s Bitcoin holdings are worth more than $1 billion.
Tesla accepts Dogecoin as payment. Customers can’t use DOGE at the moment to buy Tesla cars. Tesla CEO Elon Musk is one of the most wealthy people on the planet. He loves cryptocurrency. His cryptocurrency holdings include Bitcoin, Dogecoin and Ether (ETH). The Tesla stock is a great way for investors to be exposed to cryptocurrency without investing.
5) – PayPal Holdings Inc.
PayPal is a worldwide payment platform that allows money transfers as well as a variety of ways for individuals to be paid. It’s a competitor to Square Cash App. PayPal allows users to trade and purchase cryptocurrencies. The company is said to be considering stablecoins such as PayPal Coin as early as this year.
Some stablecoins can be tethered with an asset such as the US dollar, which may help to manage volatility in cryptocurrency markets. PayPal owns Venmo (LTC), a mobile payment service that allows users buy digital assets like Bitcoin, Ether and Litecoin. The platform’s crypto products are available to hundreds of millions of users.
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