These investments offer exposure to blockchain.
When you hear the word blockchain, chances are good that you think of Bitcoin. After all, the cryptocurrency has already been making headlines in 2021, with volatility being a key concern. Its price soared to an all-time high of more than $64,000 in April before plummeting below $30,000 in July and slingshotting back around $50,000 in late August. But blockchain, the technology behind Bitcoin, is bigger than just cryptocurrency. The “blocks” in blockchain are chunks of data stored together. When a block is filled, it is “chained” to a new block, building a timeline of data that makes the information in the blockchain secure. That means these digital records are useful for companies involved in industries such as banking, health care, supply chain management and more. How can investors get in on the action with this new, potentially game-changing technology? Start by reading up on six of the best blockchain stocks and exchange-traded funds, or ETFs, to buy in 2021.
Square Inc. (ticker: SQ)
Square clearly believes in the future of blockchain technology. Under CEO Jack Dorsey, also Twitter’s chief, Square owns $400 million worth of Bitcoin and is developing a decentralized exchange for the cryptocurrency. Square, a mobile payments company that provides merchant transaction processing services and peer-to-peer money transfers via its Cash App, has been enjoying an excellent 2021. In the company’s latest earnings report, Square...
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