3 ways to buy a bet on the Ethereum cryptocurrency

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3 ways to buy a bet on the Ethereum cryptocurrency

America s biggest bank says thatEthereum, the world's second-most valuable coin, might be the better bet as interest rates start to climb, and that it may gobble up most of the headlines. We apologize, but this video didn't load.

You can see other videos from our team here. According to a recent report, analysts at JPMorgan say thatEthereum's growing number of uses — peer-to- peer lending, NFTs, gaming, stable coin should help it maintain its value in a climate of rising interest rates. On the other hand, a nother slide could be set for the virtual currency. The report says that the rise in bond yields and the eventual normalization of monetary policy are putting downward pressure on digital gold, the same way that higher real yields have been putting downward pressure on traditional gold.

This is a gamechanger because of the volatility of the coin, which may be safer thanBitcoin. There are ways to expose yourself toEthereum without actually buying any token. These three are pretty interesting. As the largest exchange in the U.S., Coinbase is in a prime position to earn a transaction fee on every sale or purchase. A bet on Coinbase is essentially a bet on the Ethereum itself, because many of the cryptocurrencies sold on the exchange are powered by the Ethereum network. Their futures are tightly linked. One thing you want to see in a stock is a capacity for growth, and Coinbase has that in spades. In the second quarter of 2020, Coinbase had 1.5 million monthly users, and a year later, that figure hit 8.8 million. Net revenue grew from $178 million to $2.03 billion over the same period.

Since the company went public in April, the stock of Coinbase is down 4 per cent since the stock was trading for around $314. Some investment apps allow you to purchase fractional shares of Coinbase, so you do not need to dish out the full price per share. If you look at Robinhood's stock performance since its IPO in July - it is down more than 20 per cent - you may wonder if the meme stock juice that the company is running on is fizzling. It is a fair question, but Robinhood is not just a commission-free stock trading platform. Wealthsimple Trade is the Canadian equivalent. The discount broker has facilitated Bitcoin and Ethereum trading since it was founded in 2018, and now allows users to buy and sell Litecoin andBitcoin Cash.

Robinhood's offerings of criptocurrencies have paid off for the company. Revenue from Q 2, 2021 was $233 million, more than 40 times what it was a year ago. A mining company, HIVEBlockchain, is one of the many companies that use colossal computing power to create a criptocurrency token. HIVE minesBitcoin,Ethereum, andEthereum Classic. The amount of energy required to mine criptome is creating environmental concerns for investors, including Tesla CEO Elon Musk, and HIVE is focused on using green energy for mining. HIVE plans to focus on other cryptocurrencies once Ethereum 2.0 is out of the way, but its business is still heavily dependent onEthereum and should provide decent exposure toBitcoin's little brother in the near to mid-term.

HIVE investors had a great 2021. The stock of the company has doubled in price since the beginning of the year. Avoid crypto volatility and come out ahead. Crypto investing isn't for everyone. The wild price swings and the many questions about its future as a currency make it a risky play in the short and long term. If you think the stock market is ready for a plunge and you think the stock market is ready for a plunge, it might be time to get some real assets, like commodities. Contemporary art has outperformed the S&P 500 almost every year since 1995. Investing in modern masterpieces doesn't require millions of dollars. With the help of a popular new app, you can buy shares in rapidly appreciating works by Claude Monet, Andy Warhol and even Banksy. You won't be able to look at them on your wall, but seeing them in your portfolio should be just as inspiring. This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise partners with brands it trusts and believes may be helpful to the reader. This article is not intended to be construed as advice. It is provided without any warranty of any kind.