7 Big Tech Stocks to Buy For Blockchain And Crypto Exposure
Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.
But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:
“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”
As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in question.
And while blockchain-based decentralized cryptocurrencies, such as Bitcoin, draw much attention, analysts concur there are significant opportunities for many industries in this disruptive technology. At present, the global blockchain market is valued at $3 billion, but is expected to reach $40 billion by 2025.
Here are 7 big tech stocks to buy for blockchain and crypto exposure:
- Alibaba (NYSE:BABA)
- Intel (NASDAQ:INTC)
- Intercontinental Exchange (NYSE:ICE)
- Overstock.com (NASDAQ:OSTK)
- Reality Shares Nasdaq NexGen Economy ETF (NASDAQ:BLCN)
- Silvergate Capital (NYSE:SI)
- Square (NYSE:SQ)
Regular InvestorPlace.com readers are likely familiar with a wide range of the companies responsible for the blockchain technology these cryptocurrencies are based on. There’s a big runway for potential growth here.
Big Tech Stocks to Buy for Blockchain and Crypto: Alibaba (BABA)
52-week range: $163.42 — $302.61
As the leading e-commerce platform and enterprise cloud services provider in China, Alibaba