In this episode of The Bull & The Bear podcast, I highlight why Nvidia Corp. (Nasdaq: NVDA) is a great pick-and-shovel play during this bitcoin boom.
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.
Today’s topic isn’t something I like to invest in.
It’s too volatile and WAY too expensive.
But I’ve found another way to invest in the Bitcoin trend that is much less risky and will still provide strong gains in the future.
The Bitcoin Boom
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.
Bitcoin Price Jumps 720% off March Lows
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?
Buy NVDA Instead of Bitcoin
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 Nvidia Corp. (Nasdaq: NVDA) is worth adding shares of this bitcoin/blockchain pick and shovel to your portfolio for 2021.
Remember, knowing the data and the details about a specific stock or sector of the market helps you determine whether it is worth investing in.
That’s why we do the work for you and give you our analysis every week.
The Bull & The Bear
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Research Analyst, Money & Markets
Matt Clark is the research analyst for Money & Markets. He’s the host of our podcast, The Bull & The Bear, as well as the Marijuana Market Update. Before joining the team, he spent 25 years as an investigative journalist and editor — covering everything from politics to business.