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The Bull & The Bear - Money & Markets EPISODE 68, 20th January 2021
The Bitcoin Boom: Buy This “Pick and Shovel” Stock Instead
00:00:00 00:12:25

The Bitcoin Boom: Buy This “Pick and Shovel” Stock Instead

I pride myself on being a safe investor.

It’s not that I don’t take risks, but I don’t take chances that could cost me a fortune in the long run.

And, while I try to invest in things I know or like, it’s hard to ignore trends.

Smart investors like you are the same way.

You invest in what you know, but not at the expense of missing a trend.

We can’t ignore the bitcoin trend.

The cryptocurrency has been on a tear since the end of 2020. It has already reached new highs; even as traditional stocks continue to climb.

But I’m not a fan of investing in actual bitcoin.

It’s too expensive (even at its low points) and extremely volatile.

So, I looked in a different direction.

How can smart investors capitalize on this rise while avoiding the risk of investing in the actual cryptocurrency?

I’ve found a pick-and-shovel play related to the bitcoin and blockchain expansion. It’s grown more than 146% in the last nine months.

In this episode of The Bull & The Bear, I tell you why it is worth adding shares of this bitcoin/blockchain pick and shovel to your portfolio for 2021.