![]() Return on equity – trailing 12 months (TTM): 29.4%.Quarterly earnings growth rate (year-over-year): 1,206%.They might not offer pure exposure to these technologies, but by embracing this growing space, these crypto stocks look poised to deliver additional growth in 2021 and beyond. Here are seven cryptocurrency stocks (and one fund) that can help traditional investors get at least exposure to this asset class. The answer? Stocks that leverage digital currencies, but also boast vibrant businesses that would make them worth buying anyway. ![]() ![]() "Cryptocurrency investing today is a bit like living in the early days of the 1850s gold rush, which involved more speculating than investing," says John LaForge, Head of Real Asset Strategy at Wells Fargo Investment Institute. In addition to not being able to buy it directly through many brokerage accounts yet, it might simply be too volatile for some. Since Bitcoin isn't recognized by the government as a cash equivalent, the position has to be repeatedly marked-to-market, causing companies to show big profits or losses depending on the digital currency's price swings.īitcoin might not be right for many investors. The past few months have seen an explosion of companies offering Bitcoin as payments, or even the rise of companies holding the cryptocurrency on their balance sheet rather than cash. The companies utilizing these technologies run the gamut, from traditional financial powerhouses looking to develop their own cryptos, to fintech firms looking to add Bitcoin functionality to their products, to other companies using blockchain to improve their operations. Cryptocurrencies and blockchain have been part of that transformation.
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