Sep 22, · If the stock market crashes, bitcoin is extremely likely to tank for a few weeks, but it won’t break crypto. If you sell your BTC and it doesn’t fall and suddenly jumps $2, you will be. Oct 14, · Amid the chaos of , it's not just tech stocks that have been a pleasant surprise. The most popular and valuable cryptocurrency on the planet, bitcoin, ended . Nov 21, · Just like the stock market is volatile, bitcoin investors should expect big ups and downs in the future. Yet investors looking for an alternative to the stock market might not get everything they Author: Dan Caplinger.
Is bitcoin apart of the stock marketCan Bitcoin protect your portfolio if the stock market implodes? - AMBCrypto
Bitcoin was created in and as a part of its creation by a person, or persons, using the name Satoshi Nakamoto, who embedded a limit of 21 million coins in the original bitcoin code. That means only 21 million bitcoin can ever exist. Currently, Bitcoins are digitally mined by those who expend outsize sums of computer power to solve puzzles and who are rewarded with coins in exchange for verifying transactions on the anonymous blockchain network.
Nakamoto designed the coins to be harder to get as the network gets closer to the maximum float. But the belief that there will be fewer opportunities to obtain bitcoin, or that it will reside in the hands of a select few, is often cited as a reason that demand for bitcoins has returned.
Such coins backed by governments or corporate groups also have conferred the air of legitimacy of the digital-currency sector, with the Federal Reserve exploring the possibility of issuing its own digital currency , amid reports that China is moving forward with a digital yuan. The U. JPM, Worries that governments are printing heaps of money to paper over problems created partly by the financial crisis was at least part of the reason that bitcoins were created over a decade ago.
That thinking is also the basis for this resurgence in bitcoin, crypto experts said, as the COVID pandemic forces governments and central banks to spend to limit the economic hit. The dollar is down 4. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain. The real value in crypto technology is in the underlying blockchain, not the token itself.
Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.
Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App.
Cash Card is a traditional debit-card that links to a users' Cash App balance. While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment. If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it. Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region.
To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors. The far more exciting operating segment for the company is its Shopee e-commerce platform. Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia. But it's not as if Shopee wasn't growing like a weed before the coronavirus pandemic hit.
Additionally, Sea launched SeaMoney in , which today provides mobile wallet services and payment processing for individuals and businesses. In Q2 , the number of paying users for its mobile wallet services topped 15 million. If your heart is set on digital payments, skip bitcoin and enjoy the high-growth and digital exposure you'll get with Sea Limited. If your thesis surrounding bitcoin is that it could lead to a digital purchasing revolution , cloud-based e-commerce solutions provider Shopify is the company for you.
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