Are you thinking about investing in blockchain technology but not sure where to start? Well, you’re in luck! In this article, we’ll explore the 12 best blockchain stocks to buy now in 2022.
Blockchain technology has been making waves in the financial world for its potential to revolutionize how data is stored and transactions are conducted. As more industries adopt blockchain for its security and transparency features, investing in blockchain stocks can be a smart move for the future.
1. **Bitcoin Investment Trust (GBTC):** GBTC is a popular choice for investors looking to gain exposure to Bitcoin without directly buying the cryptocurrency. This trust holds Bitcoin and allows investors to trade its shares on the stock market.
2. **Riot Blockchain (RIOT):** RIOT is a company that focuses on cryptocurrency mining and blockchain infrastructure. With the increasing demand for mining operations, RIOT has the potential for significant growth.
3. **Square (SQ):** Square, a fintech company, has been embracing blockchain technology through its Cash App, which allows users to buy and sell Bitcoin. With its innovative approach to digital payments, Square is a promising stock to consider.
4. **PayPal (PYPL):** PayPal has been integrating cryptocurrency transactions into its platform, making it easier for users to engage with digital assets. As blockchain adoption continues to rise, PayPal’s stock could see positive growth.
5. **IBM (IBM):** IBM has been a key player in developing enterprise blockchain solutions for businesses. With its focus on blockchain technology, IBM is well-positioned to benefit from the growing demand for blockchain services.
6. **NVIDIA (NVDA):** NVIDIA is known for its graphics processing units (GPUs) that are essential for cryptocurrency mining. As blockchain applications expand, the demand for NVIDIA’s GPUs is expected to increase, driving the stock’s value up.
7. **Hive Blockchain (HIVE):** HIVE is a blockchain infrastructure company involved in mining cryptocurrencies like Bitcoin and Ethereum. With its focus on expanding mining operations, HIVE could be a profitable investment in the blockchain sector.
8. **MicroStrategy (MSTR):** MicroStrategy made headlines by converting its cash reserves into Bitcoin as a hedge against inflation. As a pioneer in corporate Bitcoin investment, MicroStrategy’s stock has become a popular choice for cryptocurrency enthusiasts.
9. **Square Enix (SQNXF):** Square Enix, a video game company, has been exploring blockchain technology for in-game asset management and digital economies. Its innovative use of blockchain in gaming could drive the stock’s performance in the future.
10. **Overstock.com (OSTK):** Overstock.com has been accepting Bitcoin payments since 2014 and has a subsidiary, tZERO, that focuses on blockchain-based financial technology. With its involvement in both e-commerce and blockchain, Overstock.com is a unique stock to consider.
11. **Visa (V):** Visa has been exploring blockchain technology for cross-border payments and digital currencies. As a major player in the financial industry, Visa’s adoption of blockchain could lead to long-term growth for the stock.
12. **Amazon (AMZN):** Amazon has been rumored to be exploring blockchain technology for supply chain management and data security. With its vast resources and focus on innovation, Amazon’s stock could benefit from its blockchain initiatives in the future.
By considering these 12 best blockchain stocks to buy now, you can diversify your investment portfolio and tap into the potential growth of blockchain technology. Remember to conduct thorough research and consult with a financial advisor before making any investment decisions. Happy investing!
