Blockchain stocks are the stocks of the companies that use the game-changing blockchain technology for their benefit. The blockchain technology is the most advanced record-keeping technology that allows companies to keep decentralized, secure, and public ledger.
Blockchain technology can be implemented in telecom, financial services, technology, and various other domains. The global blockchain market is at $1.2 billion in 2018 and is expected to reach $23.3 billion by 2023, a whopping 80.2% annual growth rate.
Investors have increasingly started investing in cryptocurrencies to make profits off the blockchain technology. However, investing in cryptocurrencies is highly risky and volatile. A far less risky way to take part in the disruptive capabilities of blockchain technology is by investing in blockchain stocks.
|BBKCF||Big Blockchain Intelligence Group Inc||$0.25||-63.77%||79.6M|
|BCII||Blockchain Industries Inc||$0.05||-75.00%||2.2M|
|DMGGF||Dmg Blockchain Solutions Inc||$0.25||-47.92%||56.5M|
|GBTC||Bitcoin Invt TR||$12.32||-55.94%||8.5B|
|HSSHF||Hashchain Technology Inc||#N/A||#N/A||#N/A|
|HUTMF||Hut 8 Mining Corp||#N/A||#N/A||#N/A|
|HVBTF||Hive Blockchain Technologies Ltd||#N/A||#N/A||#N/A|
|KTPPF||Katipult Technology Corp||$0.02||-80.00%||7.2M|
|MARA||Marathon Patent Group||$7.07||-69.93%||826.1M|
|MGTI||MGT Capital Investments Inc||$0.01||-50.00%||5.4M|
|RIOT||Riot Blockchain Inc||$6.84||-58.72%||1.1B|
|SNSFF||Venzee Technologies Inc||#N/A||#N/A||#N/A|
|VSQTF||Victory Square Technologies Inc||$0.10||-52.38%||12.2M|
|LBCC||Long Blockchain Corp||#N/A||#N/A||#N/A|
|AMD||Advanced Micro Devices Inc||$86.09||-30.35%||138.8B|
|ICE||INTERCONTINENTAL EXCHANGE INC COM||$107.66||-17.03%||60.1B|
|CAN||ACCENTURE PLC IRELAND||$3.60||-20.18%||569.3M|
|TSM||TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS||$94.66||-21.78%||460.8B|
|AKAM||AKAMAI TECHNOLOGIES INC||$89.33||-21.72%||14.0B|
|MGI||MONEYGRAM INTL INC||$10.81||20.11%||1.0B|
|SBNY||SIGNATURE BK NEW YORK N Y||$138.93||-56.70%||8.7B|
|BBVA||BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR||$7.40||12.46%||44.8B|
|SAN||BANCO SANTANDER SA||$3.71||-2.62%||62.6B|
|AXP||American Express Co||$178.86||-3.76%||132.9B|
|BABA||Alibaba Group Holding Ltd||$106.33||-13.00%||281.5B|
|BAC||Bank of America Corp||$36.43||-24.54%||292.3B|
|BR||Broadridge Financial Solutions||$153.58||2.47%||18.1B|
|CME||CME Group Inc||$176.55||-28.28%||63.5B|
|CSCO||Cisco Systems Inc||$48.63||-11.82%||199.8B|
|GS||Goldman Sachs Group Inc/The||$369.95||0.64%||125.3B|
|HPE||Hewlett Packard Enterprise Co||$16.33||-3.03%||20.9B|
|IBM||International Business Machine||$136.94||-0.15%||123.8B|
|ING||ING Groep NV||$13.56||-10.85%||50.9B|
|JPM||JPMorgan Chase & Co||$141.09||-7.52%||413.8B|
|MU||Micron Technology Inc||$62.41||-23.11%||68.1B|
|TRI||Thomson Reuters Corp||$119.98||13.78%||57.5B|
|TXN||Texas Instruments Inc||$182.29||6.34%||165.2B|
|PYPL||PAYPAL HOLDINGS INC||$85.52||-32.17%||97.5B|
|INFO||IHS MARKIT LTD||$9.09||47.09%||2.1B|
Examples of Blockchain Stocks
Blockchain technology has the potential to revolutionize a variety of industries, from finance to supply chain management. As a result, many companies are investing in blockchain technology and developing blockchain-based products and services. This has led to the emergence of a number of blockchain stocks that are worth considering for investment.
- Bitcoin Investment Trust (GBTC) – This is a publicly traded trust that holds bitcoin and allows investors to gain exposure to the price movements of bitcoin without having to buy and store the digital currency themselves.
- Square (SQ) – Square is a payment processing company that has been investing in blockchain technology. The company’s Cash App allows users to buy and sell bitcoin, and Square has also been exploring other potential uses for blockchain technology in its business.
- Overstock (OSTK) – Overstock is an online retailer that has been investing in blockchain technology for several years. The company operates a blockchain-based trading platform called tZERO, which is designed to facilitate the trading of securities on the blockchain.
- Riot Blockchain (RIOT) – Riot Blockchain is a company that is focused on building and operating blockchain-based businesses. The company operates a bitcoin mining operation and is also developing blockchain-based solutions for a variety of industries.
- Baidu (BIDU) – Baidu is a Chinese internet giant that is investing in blockchain technology. The company has launched a number of blockchain-based products and services, including a blockchain-based image copyright management platform and a blockchain-based electronic invoice service.
About the Blockchain Industry
Blockchain technology is a decentralized and distributed digital ledger that records transactions across a network of computers. It was first introduced as the technology behind the cryptocurrency, Bitcoin, in 2008. However, the potential uses of blockchain technology extend far beyond just digital currencies.
One of the key features of blockchain technology is its ability to provide a secure and transparent way to record and verify transactions. This has led to a wide range of potential applications across various industries, such as finance, supply chain management, healthcare, and real estate.
In the finance industry, blockchain technology is being used to create more efficient and secure financial systems. For example, blockchain-based digital currencies have the potential to reduce the costs and increase the speed of cross-border transactions. Additionally, blockchain-based smart contracts can be used to automate the execution of financial agreements, thereby reducing the need for intermediaries such as banks.
In the supply chain management industry, blockchain technology can be used to improve transparency and traceability. By recording the history of a product as it moves through the supply chain, blockchain technology can provide a tamper-proof record of its origin, movement, and ownership. This can help to increase trust in the supply chain and reduce the risk of fraud.
In healthcare, blockchain technology can be used to securely store and share patient information, while maintaining patient privacy. This can help to improve the efficiency and effectiveness of healthcare delivery.
In real estate, blockchain technology can be used to create more efficient and transparent property ownership records. By recording property ownership on the blockchain, it can reduce the time and costs associated with buying and selling property.
Overall, the blockchain industry is still in its early stages and there are still many challenges to be overcome.
Factors to Consider Before Investing in Blockchain Stocks
The most significant factor to consider before investing in blockchain stocks is to research and understand the type of technology used by the blockchain company. The technology must be disruptive and must be able to sustain for a long time.
Additionally, investors must consider the high volatility and risks involved with investing in blockchain stocks. Blockchain stocks do not swing as much as cryptocurrencies, yet they are not suitable for risk-averse investors.
The decision to invest in blockchain stocks will also be impacted by the fact that blockchain technology and stocks are unpredictable. The stocks have been following an uptrend for the past few years, but there is no certainty that they will continue to do so.
Which Blockchain Stocks Should I Buy?
We have compiled a list of the blockchain stocks to make it easier for you to make your selection. The choice will depend on the future potential, growth trends, and past performance of the company. Investors must also keep their risk appetite and time horizon in mind.
Blockchain technology has varied uses and has turned out to be a game-changer. However, every company that adopts blockchain technology may not be able to derive the maximum efficiency out of the technology. Investors should research the business model of the company and the management team behind the company to make better investing decisions.