Wednesday, February 24, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

The 4 Most Dangerous Bitcoin Stocks | The Motley Fool

3 weeks ago
in Market
3 min read
The 4 Most Dangerous Bitcoin Stocks | The Motley Fool
Share on FacebookShare on Twitter


Despite a tumultuous 2020, the stock market ended the year substantially higher. The benchmark S&P 500 finished up by 16%, which is nearly double the index’s average annual return over the past 40 years. But this gain pales in comparison to what bitcoin has been able to deliver for its investors.

Last year, the world’s largest cryptocurrency by market cap more than quadrupled. Meanwhile, over the trailing five-year period, it’s gained better than 8,200%. Investors would struggle to find a public company with more robust returns over the past half-decade.

A physical gold bitcoin stood on its side.

Image source: Getty Images.

There are smart ways to play the bitcoin craze

Investors’ love for bitcoin has also spilled over into equities. There are more than a dozen publicly traded stocks that are in some way affiliated with bitcoin — and some of these businesses look downright intriguing.

Related articles

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

February 24, 2021
Investors jolted by sinking Bitcoin, Tesla and other market favorites

Investors jolted by sinking Bitcoin, Tesla and other market favorites

February 24, 2021

For example, payments platform Square (NYSE:SQ) has received a healthy revenue boost thanks to bitcoin exchange and investment via Cash App. This peer-to-peer payment platform has seen its monthly active user count more than quadruple since the end of 2017, and it’s proven especially popular with millennials and Generation Z. Square has placed about 1% of its total assets ($50 million, at the time) into bitcoin tokens.

Tech stock NVIDIA (NASDAQ:NVDA) has also been a clear winner from bitcoin euphoria. Among its many products, NVIDIA sells graphics processing units used by cryptocurrency miners. These miners use high-powered computers to solve complex mathematical equations that validate the accuracy of transactions on bitcoin’s blockchain network.

A small stack of physical bitcoins in a mouse trap.

Image source: Getty Images.

The most dangerous bitcoin stocks

But there are also more than a handful of bitcoin stocks that look downright dangerous. Investors would be wise to avoid these cryptocurrency stocks like the plague.

Grayscale Bitcoin Trust

The fact is that not everyone who wants to buy bitcoin feels comfortable doing so from a cryptocurrency exchange. Further, the Securities and Exchange Commission hasn’t given the green light for the creation of bitcoin exchange-traded funds. Thus, one of the few ways to gain bitcoin exposure without directly buying bitcoin is with the Grayscale Bitcoin Trust (OTC:GBTC).

In easy-to-understand terms, the Grayscale Bitcoin Trust purchases and holds bitcoin tokens. It updates its token count pretty regularly, making it easy for current and prospective investors to calculate an accurate net asset value (NAV) for what’s on the books, so to speak. Unfortunately, the Grayscale Bitcoin Trust has two key drawbacks.

First of all, it typically trades at a substantial premium to its NAV. As of Jan. 26, it held 647,288 bitcoin tokens. Based on a valuation of $32,175 per bitcoin, this is a NAV of $20.83 billion. However, the Grayscale Bitcoin Trust closed on Jan. 26 with a value of $21.48 billion. Believe it or not, this is actually one of the smallest premiums I’ve seen in the years…



Read more:The 4 Most Dangerous Bitcoin Stocks | The Motley Fool

Tags: Bitcoinbitcoin news todayDangerousFoolMotleystocks

Related Posts

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

by Bitcoin Market
February 24, 2021
0

Crypto at a glance Was that the dip? Just when it looks like you’re going to be able to...

Investors jolted by sinking Bitcoin, Tesla and other market favorites

Investors jolted by sinking Bitcoin, Tesla and other market favorites

by Bitcoin Market
February 24, 2021
0

By Julien Ponthus, Aaron Saldanha and April JoynerLONDON/NEW YORK (Reuters) - Bitcoin, shares of Tesla and a high-flying exchange...

A tangled market web of Tesla-bitcoin-ARK Investment could spell trouble for

A tangled market web of Tesla-bitcoin-ARK Investment could spell trouble for

by Bitcoin Market
February 23, 2021
0

Tuesday is shaping up to be a tough one for technology stocks, after a selloff greeted investors to start...

Buying Signature Bank stock gives investors cryptocurrency exposure for free, analyst

Buying Signature Bank stock gives investors cryptocurrency exposure for free, analyst

by Bitcoin Market
February 22, 2021
0

Buying shares of Signature Bank is a cheap way to gain exposure to cryptocurrencies, such as bitcoin, according to...

Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still

Ether breaks $2,000, Bitcoin breaks a trillion market cap, and Elon Musk is still

by Bitcoin Market
February 22, 2021
0

Crypto at a glance And breathe! What a weekend that was. We were hitting landmark milestones galore, with pumps...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Argo Blockchain begins trading on OTCQX market

Argo Blockchain begins trading on OTCQX market

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Argo Blockchain begins trading on OTCQX market

Argo Blockchain begins trading on OTCQX market

February 24, 2021
Ark’s Cathie Wood says she’s still ‘very positive’ on bitcoin – helping the price

Ark’s Cathie Wood says she’s still ‘very positive’ on bitcoin – helping the price

February 24, 2021
Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Net Asset Value(s)

February 24, 2021
Shaktikanta Das | cryptocurrency: RBI governor Shaktikanta Das voices ‘major

Shaktikanta Das | cryptocurrency: RBI governor Shaktikanta Das voices ‘major

February 24, 2021
Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

February 24, 2021
Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

February 24, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$50,080.006.06%
  • bitcoin-cashBitcoin Cash(BCH)$535.886.82%
  • binance-coinBinance Coin(BNB)$256.2314.86%
  • bitcoin-goldBitcoin Gold(BTG)$28.599.27%
  • bitcoin-privateBitcoin Private(BTCP)$0.8095.73%
  • blocktixBlocktix(TIX)$0.0200.00%