Top 8 Blockchain & Crypto Stocks to Invest in 2021
Cryptocurrencies are taking the center stage in worthwhile investments. Even mainstream corporations that once criticized the investment now buy digital assets. The latest is Tesla, the electric vehicle manufacturer buying $1.5 billion worth of Bitcoin. More such investments are expected to flow into the space in 2021.
As cryptocurrencies become more popular, blockchain, the technology upon which they are built, is likely to grow as well. This is why blockchain stocks may be potentially viable investment options in 2021 and even beyond.
It is worth noting that some investors find it more profitable to invest directly in the technology on which cryptos are based, and you can look at prices here in order to analyze the market to make the best investment decision.
In this article, we highlight the top blockchain and crypto stocks you should consider buying in 2021. These are the stocks with the highest potential of becoming profitable based on the relevance of their business models. Having said that, let’s dive in and look at the top blockchain and crypto stocks to buy in 2021.
If you have any measure of curiosity about cryptocurrency mining, you must have heard of NVIDIA. The company is a leader in manufacture of Graphics Processing Units (GPUs). Although GPUs are used for many purposes, including gaming, AI, and more, some of NVIDIA’s GPUs are used for mining cryptocurrencies like Bitcoin.
As you may know, Bitcoin price has exploded recently and whenever that happens, miners make incredible profits. As a result, many have decided to take a leap into the mining pool to get their own share of the profits. This translates directly into higher demand for mining gears, such as GPUs, and one of the first places to go for this is NVIDIA.
This means that as long as mining stays lucrative (and it probably always will be), NVIDIA will continue to profit, and the stocks will most likely go up as a result. You may not mine directly, but you can benefit from the growing industry by buying the company’s stocks in 2021.
The name Mastercard is a household when it comes to credit cards and payments, but there is more to it. Even if it is an old legacy payments company, Mastercard is stepping up its game to flow with the fast evolving technological world which is based on blockchain.
To improve the quality of its service, the company has partnered with blockchain company R3 to facilitate cross-border payments for its millions of users. This will cut the cost of transactions as well as the time it takes for transactions to be settled. Moreover, Mastercard has made it possible for crypto companies to issue crypto payment cards on its platform, which makes it relevant in the crypto revolution. Mastercard stocks are, therefore, expected to rise in value this year and could make a viable investment for the year.
DocuSign is a company that enables electronic signing of documents. If you have ever applied for anything online that requires that you sign your credentials online then you may have come across this service. The company has incorporated blockchain in its business since 2015 and uses the Ethereum blockchain to facilitate agreements between people.
The use of blockchain reduces the cost of doing business and is trustworthy, so there is no better way to sign agreements. Ethereum is the number one blockchain for smart contract agreements and more people use it everyday for this purpose, so it shouldn’t be surprising that DocuSign’s stocks may explode in the near future.
Amazon is like the Tiger Woods of online sales. The company has grown to become a multibillion dollar company through sales, but there is more to it. Amazon is also a giant in the blockchain space. It provides a leading blockchain-based cloud infrastructure known as Amazon Web Service. This infrastructure makes it possible for other people to create and manage their own blockchain networks.
Though the blockchain aspect is still only a small percentage of the company’s entire business, imagine what will happen when Amazon finally integrates blockchain in its e-commerce platform with billions of daily users. If you want to profit in that future, Amazon blockchain stocks are the way to go.
This is the computer software giant known for its relevance with Windows computers. However, beyond computers, Microsoft has dabbled into blockchain technology as well, making it all the more relevant today. It developed Azure cloud, a service that uses Ethereum blockchain for code updates. As Ethereum becomes more popular, Azure is likely to follow and lead to significant growth in its stocks.
Square is a financial technology company known for credit card payment processing. However, it has blockchain technology as a significant part of its business. The company has an arm dedicated to Bitcoin development, known as Square crypto. It is also the owner of Cash App, a peer-2-peer payment app that has BTC integration, allowing users to send, receive, and store Bitcoin. This makes its stocks one of those with incredible potential for future growth in the blockchain space.
7. CME Group
CME is the only mainstream commodities trading platform that also trades in BTC futures. With the rising interest in BTC, the company is bound to see increased revenue, and its shareholders could benefit immensely.
The exchange is also likely to grow the number of cryptocurrency futures on its platform, which will further increase revenue. If you are looking for potentially profitable blockchain stocks, CME Group is one you should consider.
BroadRidge is a Canadian blockchain company that runs several blockchain-related businesses. It is regularly patronised by mainstream banks, such as JP Morgan, which use distributed ledger technology. The patronage of such banking giants makes BroadRidge’s crypto stocks a viable investment option to consider in your investment adventure.
These are some of the best blockchain and crypto stocks you should consider buying in 2021. While there are certainly other ways of investing in blockchain businesses, such as ICOs, STOs, and others, many of these methods are still unregulated in most markets. Prefer your money to be invested right away? If you need a little boost to start, try to use online wealth management platforms, such as Einvestment, it can round up high interest rate accounts for more comfortable and safe investments. Professional managers can vary your financial instruments in one big high return investment portfolio.
Note: This post was originally published on 9 February 2020 and has been totally updated for the completeness and veracity of the content on 11 February 2021.
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