There are a number of companies who have included cryptocurrencies,aka digital currencies,such as Bitcoin and Ether in their operations in one way or another.Buying stocks of these companies,therefore,is a way for more conservative investors to participate in the cryptocurrency sector as a part of their portfolios.After all,cryptocurrencies are only one aspect of these businesses,and by no means the only thing they have going for them.*
First of all,companies such as Advanced Micro Devices and Nvidia are manufacturing graphics cards,or GPUs,that speculators need for discovering currency mining algorithms.These are especially powerful cards,not the general GPUs.*
Online video gaming firm Zynga was an early adopter of Bitcoin transactions.The company had a good Q1 2017 and its stock price had appreciated 44% year to date as of late June.The fact that Zynga accepts Bitcoin makes it an attractive place to play games for the growing crowd of digital currency owners.*
Paypal has formed partnerships with three Bitcoin-based service providers.More and more people want to transact in Bitcoin,so Paypal has positioned itself to help them do just that.*
ARK Web X.O ETF invests primarily in innovative technology firms.The Bitcoin Investment Trust is its largest holding,at 8.8% of its portfolio as of March 2017.Other holdings in the etf include such firms as AthenaHealth,Amazon,Tesla,Netflix,Alphabet (Google) and Facebook.
Advanced Micro Devices Inc (AMD),ARK Web X.O ETF (NYSEArca:ARKW),Nvidia Inc (NVID),Paypal Holdings Inc (PYPL),Zynga Inc (ZNGA)
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