If you believe in crypto but are afraid or can’t deal with the volatility it brings to your assets a good option might be to invest in stocks from well established companies that have invested in crypto. I can mention the names of two reputable companies that are bullish in Bitcoin (BTC) and have invested in it: Square (SQ) and Tesla (TSLA).
Square is a company competing with Visa or Mastercard. If you have been to a local small business, you have probably seen people accepting payments using a little device attached to their smartphones, tablets or iPad. Well, that little square belongs to Square. Square is a growing company that processes payments but in a more convenient way than traditional processing payment companies. They have been growing exponentially and that should not stop. Square owns 8,027 Bitcoin and it is an investment they made when the price of Bitcoin was at around 20k per BTC. Certainly, an investment that it is already paying off for them. And I certainly believe Square will continue to grow and move along with crypto.
Another company that decided to invest in Bitcoin is Tesla that bought about 1.5 Billion dollars’ worth of bitcoin when the price was at around 40k per Bitcoin, certainly is already paying off for Tesla as well. CEO Elon Musk has said he does not think Bitcoin is much better than fiat money, however believes it is better than what we have right now. Therefore, Elon Musk and Tesla are bullish in Bitcoin.
Owning any of these two companies, in my opinion, is a great way to be exposed to the crypto world.
I personally use Robinhood and WeBull to buy and hold my stocks. I am also a huge believer of cryptocurrencies (especially BTC and ETH) and use Coinbase to hold my assets.