2021 will be the year of blockchain technology. Blockchain technology has recently gained more popularity where industries are allocating budgets for blockchain pilot programs or implementation at a large scale in 2021. Several people are interested and finding ways to cash in on this growing industry. The best-recommended way of investment is to consider buying a blockchain stock.
Let’s understand why we need to consider investment in blockchain stock. What is all about blockchain finance?
Making money in blockchain stock is challenging but investing in it comes with certain advantages. They are:
• The ledger technology serves as an excellent platform to tokenize stocks, currencies, commodities, and even bonds.
• The entire process of transaction occurs at a faster rate owing to the underlying technology-blockchain.
• The trading environment is secure, efficient and thus overcomes the problems of data security and privacy.
• It creates a fair playground for all the participating investors as the technology is transparent, secure, immutable, and tamper-proof.
However, before buying a blockchain stock, understand more about what’s going on to increase your chance of winning, purchase the top blockchain stocks only, and invest in well-established firms that will not disappear overnight.
Consider buying from the most common blockchain stock trading firms such as TD Ameritrade, Scottrade, Ally Investment, and SeTrade. Consider these top public companies while making blockchain investments – IBM, Google, NVIDIA, Bank of America, and Hitachi. Tech giants like Microsoft have started accepting bitcoins as a form of payment. Moreover, Tesla has also announced that it will accept bitcoins. Analysts and blockchain professionals are speculating on other companies that are ready to follow the suit.
So, it would be the best bet to invest in blockchain stocks. Let’s see a few of the popular blockchain stocks you can buy now.
Riot Blockchain (NASDAQ: RIOT): Being the largest producer of Bitcoin in America, Riot blockchain focuses on mining bitcoins.
As it closely follows the Bitcoin price, the Riot blockchain price would soar high if the Bitcoin value soars. Further, it trades around USD 55 per share. So, investing in Riot blockchain would be the right choice and reasonable investment for most investors.
Square Inc (NASDAQ: SQUARE): The main attraction here is that it operates as a P2P cash trading app facilitating you to pay anyone in your circle. Square has invested about USD 170 million in Bitcoin and the company has its own blockchain professionals’ team – crypto coin developers. This would be another choice of investment in the year 2021.
IBM (NASDAQ: IBM): The IBM blockchain platform is stable and it is recommended as a good place to start your blockchain stock journey. It is believed that the IBM blockchain platform will improve efficiency while reducing risks.
Amazon (NASDAQ: AMAZON): Needless to say, Amazon the only biggest retail site on the planet use bitcoin to pay for Amazon goods. You can now buy prepaid Amazon gift cards and might allow customers to convert money into a digital currency that they can use on services and goods as provided by Amazon.
Visa (NASDAQ: V): Visa has developed Visa B2B connect to facilitate cross-border payments for corporates using blockchain. Further, it has Visa Fintech Fast Track that uses crypto-wallets. It helps the users to pay at more than 70 million merchants globally.
In addition to this, there are other ways to invest in technology. They include:
• Direct purchase of cryptocurrencies such as Bitcoin or Etheruem or buy shares from cryptocurrency trust.
• Buy an ETF, that invests in companies’ shares through blockchain.
• Participate in crowdfunding through initial coin offerings (ICOs).
What is your way of investment? Let us know in the comments.
Let the year 2021 bring new profits to you.
