Bitcoin, for better or worse, has been all the rage of late. Its breakneck 1,850% run in 2017 put the cryptocurrency on the map. In 2018, however, Bitcoin prices have been all over that map – dishing out anguish for anyone who’s not been on the right side of the wild swings.
Most long-term-minded investors have avoided the cryptocurrency altogether, partially because digital currencies feel philosophically flawed, and partially because they wanted to steer clear of all the volatility. But there’s still something compelling about the technology, even if a newcomer to cryptocurrencies can’t quite articulate why they see a future for them.
The key to navigating the volatility and looking past the noise? First and foremost, understand that Bitcoin (and other cryptocurrencies) isn’t the same thing as blockchain. Blockchain is the underlying digital record system that makes Bitcoin “work.” It powers other digital currencies, too, and is being increasingly used in other ways, such as improving cloud storage or keeping track of legal documents. As such, blockchain should be around in the future even if Bitcoin itself falls off the radar.
Here’s a run-down of some of the top ways to invest in blockchain without directly exposing your portfolio to less predictable instruments like Bitcoin itself. These stocks and funds all have a stake in the future of blockchain, to varying degrees.
SEE ALSO: Should You Be Tempted to Invest in Bitcoin?
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Date — February 13, 2018 8:58 pm
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