WHY
Many of us in the crypto community have been so caught up in the potential of Bitcoin and its sister currencies (myself included) that we have ignored the larger picture that is blockchain technology.
It is quite likely that blockchain will revolutionize how we store, transfer, and record data. Needless to say, this could turn out to be a priceless investment opportunity. In this post I will cover stocks that will benefit from advances in blockchain tech, and offer some commentary on each of these companies.
STARTUPS
There are a handful of startup companies that have been created, which focus solely on blockchain applications; I will summarize two of them which I believe to be premier as far as blockchain startups go. Before doing so, I want to stress that startups are always extremely risky. These two companies are for the investor who can afford to gamble.
The first company I want to discuss is First Bitcoin Capital Corp (BITCF). BITCF is a classic, over-the-counter penny stock. What I like about this company is that they focus on acquiring Bitcoin startups and funding companies that want to develop blockchain software. The nature of this company allows investors to access a wide range of blockchain exposure through a single stock. It would only take one winning acquisition to put this equity on the map.
The second is BTL Group Ltd (BTL). BTL has a respectable market cap and price per share ($5.74) which is worth mentioning; this stock is about as stable financially as a startup can be. BTL is attractive because it has a simple and actionable mission. It's chief purpose is to provide a blockchain platform called Interbit. Interbit is available via subscription and will attract any business looking to upgrade its data security.
FRONT RUNNERS
In order to be as concise as possible, I will again limit the discussion to two companies. These "front runners" are stocks that are already well-established in the market and set to capitalize on blockchain.
Broadridge Financial Solutions (BR) is an automatic data processing company that has already invested millions into incorporating blockchain into its service platform. They are emerging as the leader in applying blockchain to data processing, an industry which is a prime candidate for utilizing blockchain (for obvious reasons).
Last but not least is Nasdaq, Inc (NDAQ). In 2015, Nasdaq used blockchain on its Linq platform to issue shares of a privately-held business. Nasdaq's very identity is rooted in its ability to anticipate changes in technology; the fact that this company has already implemented blockchain successfully is a testament to the continuation of this ability.
FINAL THOUGHTS
As discussed in my previous post, I believe that a significant downturn in the U.S. stock market is inevitable and is coming relatively soon. I would recommend waiting a few years before opening any new stock positions. I hope that this post has been helpful.
PLEASE up-vote and comment (feedback is greatly appreciated).
Yours truly,
SteemitSteve