I wrote a bit about this some weeks ago but felt it was time to follow up again as these stocks have started to really take off.
Yes, Blockchain is the future. However it's still in its infant stages as many large companies have started to implement it into their businesses from tracking resources and banks doing transactions between themselves.
TAKE NOTE I'm Saying BLOCKCHAIN! While some of these companies do invest in mining bitcoin they also are working on the fundaments of blockchain itself to apply them into businesses.
Bitcoin of course is credited with being the first blockchain and the underlying methods of how it work are powerful make no mistake about it. However Blockchain for businesses is not using Bitcoin it's about creating the cyber infrastructure that uses blockchain for resources management and transfers. It's a secure way to track everything for a company and there are some major leaders in this industry who you can invest in which could be major holds once blockchain becomes more relevant in every day business.
- Stock prices are as of writing this post and are subject to change. Please seek professional advice before investing. This article is for entertainment purposes only.
Riot Blockchain (ROIT)
This company is more so of a mining for bitcoin stock then anything. It's going to follow bitcoins price rather closly but also the mining power invovled with it.
As of writing this the company has another 8,000 S19 pros scheduled for delivery and by early May 2021 expected to have a total hash rate of 1.45EH/S and using 46MW of energy.
Yeah pretty nuts right Bitcoin mining is a tradeable stock on the stock market!
International Business Machines Corporation (IBM)
We all know IBM and they are currently investing a good amount of resources into blockchain tech. It's because of this that I'm watching this stock closely. More then likely when the company does an a solid blockchain tech in place for warehouses and businesses this is for sure going to the one of the leaders in the industry just based on the ties they have with current companies.
Hive Blockchain (OTC:HVBT.F)
Yup, Hive is a name heavily used and has big competition which is why I hate that it's the name for this blockchain as it seems like mass confusion is bound to happen moving forward.
In this case however we are talking about Hive Blockchain (OTC:HVBT.F) which is a Canadian crypto mining company. Pretty much take RIOT and point it to Hive Blockchain and you have the same company but in two different countries.
MicroStrategy Incorporated(MSTR)
This is a data analytics specialist company. It's converted its long-term cash reserves into direct bitcoin holdings. Because of this, this stock will closely follow bitcoins price as these long term reserves should result in massive positive gains for the company.
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I have done well with Hive Blockchain, I got it for under 50 cents a long time ago. I forgot about it until it came back to life lately.
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Dang that's a very nice pick up!
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Should consider some of the Canadian companies too. Some have some OTC listings if youre american exchange constrained. Galaxy digital - BRPHF. Voyager Digital - VYGVF. Not a fan of mining companies, but theres Hut 8 Mining - HUTMF. Perhaps a company one thats a bit under the radar is Cleanspark - CLSK. And increasingly, a company like MOGO is getting more BTC attuned.
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Yeah, most of these looked like mining rigged companies which honestly in that case you mid as well just buy bitcoin in my opinion lol Blockchain though is going to be a big key for businesses moving forwards and some big names and working hard on applying it to companies and business.
Hut 8 and Cleanspark are mining rig cos, albeit Cleanspark is more of an energy efficiency and microgrid company. Voyager Digital is more like a wallet/exchange/asset manager. Galaxy digital is mike novogratz's co and theyre basically asset management and trading for institutionals... essentially trying to be the goldman sachs of crypto. MOGO is a cashless payment platform kind of like Square, but they hold BTC and reward userbase with BTC.
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Thank you for this great info! I am not really into stocks because the technology is so outdated. In middle school they let me use one of those stock trading simulators, but they never showed me how to do it for real. As a result I didnt buy Microsoft, Apple or Facebook during/after highschool. Even now trading Crypto is fast and fun, but Forex and Stocks still seem ancient and slow. I should probably learn more, I strive to learn more each day.
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