bitcoin investors

Many people have gawked at the amazing potential that cryptocurrency and bitcoin in particular has to turn investments into high amounts of profit. Most of these investors don’t know that there are many ways to get involved with cryptocurrency without seeing real exposure to the cryptocurrency market that is often extremely volatile.

Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747

One of the best ways to make a profit with cryptocurrency is through mining. Mining is where a user uses a very high powered computer to solve difficult computational problems. Once they solve these problems, a transaction is put through the blockchain network, and then the miner is rewarded with a certain amount of cryptocurrency. This money can be substantial given the amount of computing power and energy costs, but for most it is not incredibly lucrative.

One of the best ways to get involved in cryptocurrency without actually getting involved is through stocks that have to do with the industry. One of the most popular of these stocks continues to be NVDA or Nvidia corporation. NVDA makes the graphics processing units for the high powered computers that do the mining, therefore the more popular mining becomes, the more popular companies involved will become. The company is on track for over $8 billion in revenue, with shares up 70% for this year alone.

Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747

Nvidia is quite an expensive stock though which may be a high barrier for most, but the profits seem to be quite worth it. The market cap of $111 billion means that’s almost 14 times this year’s estimated revenue, which puts them in at a whopping 53 times earnings.

The hopes are high that investors can continue to make large profits investing in either the actual cryptocurrency market, or companies that happen to be involved one way or another.


Please enter your comment!
Please enter your name here