Blockchain technology is a rapidly-evolving technology with a lot of applications. Companies like IBM have been at the forefront of blockchain technology for years and have invested heavily in the technology. The technology has also been adopted by a variety of industries, from health care to the financial sector. In addition to facilitating transactions, blockchain technology can also help companies track financial data.
Currently, blockchain technology is the backbone of cryptocurrencies, but its applications extend beyond cryptocurrency. For example, it can be used in international payments, auditing, and regulatory compliance. An ever-growing number of companies are incorporating blockchain technology into their businesses. However, investors should be aware of the risks associated with investing in these companies.
Blockchain stocks are volatile, so it’s important to research companies carefully. The best way to invest in this technology is to invest in small amounts, and balance the risks with more stable companies in other industries. Blockchain stocks move faster than other stocks, and a single tweet or hint of regulatory changes can drastically affect the price. To mitigate these risks, stay updated on news about the company you’re investing in.
GlobalX Blockchain ETF – With an expense ratio of 0.50%, this fund invests in 25 companies, many of them not listed on U.S. exchanges. It’s a good choice for investors who are confident in the long-term potential of blockchain technology. The fund also has a cryptocurrency wallet that helps protect your money and offers secure cryptocurrency exchange.
DMG Blockchain – With over $1.7 billion in assets under management and over 800 institutional trading counterparts, DMG Blockchain is one of the biggest players in the crypto space. DMG has seen multiple smaller growth spurts in the last five years, but its recent growth has been massive. In less than two years, its shares have surged by more than fivefold. DMG Blockchain has vertically integrated business models that offer a variety of solutions. The company even has two divisions dedicated to blockchain applications.
Riot – This pure-play Bitcoin miner has a huge share price in February, and still represents a strong buy for investors who believe in the future of Bitcoin. It deployed 43,458 mining rigs in May and plans to deploy 120,150 by January of next year. By 2023, Riot has a target of producing 12.8 EH/s of Bitcoin.
Amazon – The world’s largest e-commerce company is also leading in the cloud computing market. It recently launched Amazon Managed Blockchain, a platform that allows individuals and companies to create their own blockchain networks. Using this platform, Amazon generates a small percentage of its revenue from blockchain services. This makes it one of the best blockchain stocks to watch.