Hi all,
Do you trade any stocks related to Bitcoin or cryptocurrencies?
Since I'm currently studying about the cryptocurrency world and how I could be a trader in this sector, I would like to know if you know some cryptocurrency related stocks, which it would be worthy to invest in. I've been trading stocks for some years now so I would prefer to start with something that I know before open a wallet or buy and trade cryptocurrencies. So not necessary for the long term, I'm interested even in finding some stocks for trading in the next months. All the stock markets are ok for the suggestions.
I would be interested in some stocks related to the use of the blockchain in general.
Please let me know if you have some ideas and thanks in advance
With the massive adoption of cryptocurrencies there will inevitably companies to profit from this.
(Nasdaq: NVDA) Nvidia is the largest GPU car distributer in the world, and due to the fact that almost all mining rigs rely on these GPU's, Nvidia is directly profiting from the crypto craze and will continue to.
(NYSE: SHOP). Shopify is an online platform that supports over 400,000 e-commerce websites. There's not many places where people can currently use their bitcoins buy stuff, so since Shopify announced that they are accepting bitcoins as payments, there is huge expected growth with this company.
(Nasdaq: CYBR) CyberArk is company that's focused on preventing cyber attacks on companies. With the loads of money flowing into crypto coupled with its anonymity, hackers are finding new ways to steal cryptocurrencies every day. Therefore companies like CyberArk will profit from being needed.