Live Bitcoin prices from all markets and BTC coin market Capitalization. Stay up to date with the latest Bitcoin price movements and forum discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Bitcoin. May 13, · Both the stock market and bitcoin are responding to it and the inflationary impact of these monetary stimuli. MORE FOR YOU. Dow Falls Points As Author: Clem Chambers. Find the latest Bitcoin USD (BTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing.
Current stock market bitcoinForget Bitcoin: Here Are 3 Stocks You Should Buy Instead | The Motley Fool
Amid the chaos of , it's not just tech stocks that have been a pleasant surprise. The most popular and valuable cryptocurrency on the planet, bitcoin, ended Saturday, Oct. There are a number of reasons for bitcoin's ascent in For example, bitcoin's block rewards -- i. Historically, bitcoin has run up substantially prior to a halving event. Bitcoin has also benefited as a safe-haven investment in the wake of the coronavirus recession.
With cash use discouraged due to possible virus transmission, a strong case has been made for digital payments to replace cash. Also, don't forget that bitcoin acts as the bridge currency that investors often have to purchase if they choose to invest in other less-common cryptocurrencies those not named Ethereum or Ripple.
This creates a steady level of demand and ownership for what's perceived to be a limited token. But if you ask me, there are much better ways to invest your money than by purchasing bitcoin. The issue with the most popular cryptocurrency is twofold. First, there's a scarcity-versus-utility problem. Since a substantive percentage of outstanding tokens are held by investors who have no intention of using their coins to make purchases, the utility of bitcoin as a purveyor of digital transactions is quite low.
Since programming is all that keeps bitcoin's token limit at 21 million, this could be overridden in the future. Thus, bitcoin either has limited utility or scarcity -- not both. The other issue I have with bitcoin is that fiat currencies are being tested in conjunction with blockchain. The real value in crypto technology is in the underlying blockchain, not the token itself. Since buying into bitcoin gives folks no ownership of the blockchain, investors are, arguably, buying into the wrong asset.
Instead of buying bitcoin, here are three considerably smarter stocks to buy with your hard-earned money. Square's longest-running operating segment, and the one most folks are going to be familiar with, is its seller ecosystem. Square has been supplying point-of-sale devices and analytics to small businesses for the past eight years. However, the long-term growth driver for Square is peer-to-peer digital payment platform Cash App. Cash Card is a traditional debit-card that links to a users' Cash App balance.
While Cash App does collect merchant fees and expedited transfer fees from its users, it's especially popular for bitcoin exchange and investment. If you want to put your money to work in a company with a bright future and exposure to bitcoin, Square is it.
Sea gives investors access to Southeastern Asia , which remains a largely underbanked region of the world, yet is experiencing a windfall of growth from a burgeoning middle class throughout the region. To date, Sea's gaming division has been its breadwinner. But the dominance of digital entertainment won't be long-lived for Sea Limited -- and that's actually a good thing for investors.
The far more exciting operating segment for the company is its Shopee e-commerce platform. Without question, the pandemic played a role in bolstering online orders throughout Southeastern Asia. But it's not as if Shopee wasn't growing like a weed before the coronavirus pandemic hit. Bitcoin Halving May 12 Sponsored by. Data Bitcoin. Export data. Key metrics. All time high. Transaction Count 24h. Average Transaction Fee 24h. Value Transacted 24h.
Category Currency. Value proposition Digital gold. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
DCG has no operational input into the selection or curation of CoinDesk content in all its forms. Show More. The State of Celo. Exploring Bitcoin as the Foundation for Future Finance.