Money Forget Bitcoin! These 3 tech stocks are better

11:40  30 november  2020
11:40  30 november  2020 Source:   fool.de

The world's biggest crypto fund manager says Bitcoin is the next step in the evolution of money – and 'I can't use it to buy coffee' is no longer a sound argument

  The world's biggest crypto fund manager says Bitcoin is the next step in the evolution of money – and 'I can't use it to buy coffee' is no longer a sound argument Bitcoin is not a fad that will fade away, said Michael Sonnenshein, managing director of Greyscale Investments. Investors understand that "buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money," Sonnenshein told Business Insider. Investors should not get hung up over the fact that there are only 21 million Bitcoin that will ever exist, because each coin has a 100 million units. Investors like the fact they can buy a fraction of the coin and add to their position over time, the crypto asset manager pointed out.

Forget bitcoin -- these stocks are smarter buys. But if you ask me, there are much better ways to invest your money than by purchasing bitcoin . 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

© Provided by The Motley Fool Forget Bitcoin ! Buy These 3 Tech Stocks Instead. Bitcoin has surged in 2020, with its price climbing roughly 150% year to date. With its price surging, bitcoin is generating tons of excitement again, but there could be even better investment opportunities in the technology

The value of Bitcoin has skyrocketed since the beginning of the year: around 150% so far this year. After many months of volatile trading, the cryptocurrency has climbed back to around USD 18,000 per coin - not far from the high of ISD 19,738 per coin that was reached in late 2017. Bitcoin is causing a lot of excitement again. However, there could be better investment opportunities in the technology sector.

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We asked three Motley Fool writers to profile a technology stock that they believe will outperform Bitcoin. But why exactly are the Impinj (NYSE: ), Square (NASDAQ: A143D6), and Advanced Micro Devices

Ethereum and Ripple are exploding higher thanks to the growing interest in cryptocurrencies that lifted Bitcoin above $18,000

  Ethereum and Ripple are exploding higher thanks to the growing interest in cryptocurrencies that lifted Bitcoin above $18,000 Ethereum and Ripple are soaring, echoing the powerful rally in Bitcoin, as mass interest in cryptocurrencies picks up steam. Ethereum has jumped almost four-fold this year to just below $US600, although this is still short of its record $US1,500 in January 2018. The price of smaller crypto rival Ripple has hit its highest since mid-2019, having doubled in value in this month alone. This growing interest raises red flags, because many people are pouring in money into cryptocurrencies without really understanding how they work, which could lead to several mistakes and lost money, a researcher said.

Cryptocurrencies might grab all of the headlines, but these three businesses are better bets for the long term. More From InvestorPlace Forget The Election… Apple, Amazon.com and Microsoft headline five top tech stocks that are close to finishing a classic bullish base that will offer them lower

Which stocks are either a fan favorite or a must-avoid? Penny stocks . These tickers going for less than apiece are particularly divisive on Wall Street, with those in favor as well as the naysayers laying out strong arguments. These names are too appealing for the risk-tolerant investor to ignore.

(NASDAQ: NASA) so interesting? Trends for Big Returns

Keith Noonan (Impinj):

I didn't invest in Bitcoin because I just don't understand it. I've looked at cryptocurrencies, but I still don't have a solid idea why prices should go up or down. I also have difficulty in saying why an open source coin based on blockchain technology has much better prospects than other coins? Because their number seems to be growing every day.

, however, I understand that Bitcoin is gaining a lot of support because the coin is tapping into a variety of powerful trends and performing potentially valuable functions. While I don't understand Bitcoin, I know that it can be a very rewarding approach to investing. And that all applies to Impinj too.

Impinj manufactures radio tags, readers and software for radio frequency identification (RFID). The company's RFID tags can function like more advanced versions of the barcode system and can be used to enable non-electronic items to store and transfer data. Gathering and analyzing valuable information will be at the heart of business success in the 21st century. And Impinj offers solutions that make it possible to track a larger number of items and processes.

What is common stock? The most typical way to invest in a company and profit from its growth

  What is common stock? The most typical way to invest in a company and profit from its growth Common stock is a popular type of financial asset, in which investors buy shares in a publicly traded company. Common stockholders typically receive quarterly dividends and voting rights in major corporate decisions. Common stocks vary greatly in their riskiness and price performance but tend to appreciate in value over the long term. Visit Business Insider's Investing Reference library for more stories. When it comes to investments, the first thing that comes to mind is stocks.

In the long run, these stocks will treat you better than the leading cryptocurrency. This is what makes compelling healthcare stocks so difficult to spot, but the analysts can help.Using TipRanks’ database, we found three healthcare stocks getting love from the Street ahead of major possible

Even better , these stocks are seen as Strong Buys by Wall Street’s analysts. A Biden presidency is a distinct possibility in 2021, which would resulting some challenges for tech companies These are stocks with Buy ratings and recent share appreciation. Let’s find out what else makes them leaders in

The company could see dramatic growth as new use cases for RFID technologies emerge and adoption of hardware, software and support services increases. The stock has the potential to become a big winner for risk-tolerant investors. The Bitcoin Broker

Joe Tenebruso (Square):

First of all: I've been optimistic about Bitcoin for some time and believe that it could easily rise to new all-time highs. But here I would instead like to draw your attention to another way to profit from Bitcoin.

Square CEO Jack Dorsey is a real bitcoin bull. He expects it to become the currency of the Internet - and he wants to help make this vision a reality. Square started offering its users the ability to buy and sell Bitcoin on its Cash app back in 2017. Since then, the digital payment company's Bitcoin business has grown rapidly - revenue totaled $ 1.63 billion in the third quarter alone. That is an 11-fold increase over the previous year.

What is growth investing? A strategy that focuses on high-growth companies in hopes for significant investment returns

  What is growth investing? A strategy that focuses on high-growth companies in hopes for significant investment returns Growth investing is a fundamental investing approach that focuses on buying stocks expected to rise at a faster rate than the market overall. Growth stocks tend to represent new companies in emerging markets and innovative industries, like high-tech. Growth stocks offer higher returns but greater risk, so investors must carefully research a company's fundamentals and competitiveness in its field. Visit Business Insider's Investing Reference library for more stories. Growth investing is an investment approach that targets stocks that provide a significantly higher average rate of return than the market in general.

This tech stock has both strong performance and stability. Chris Neiger (Amazon): I understand the draw of bitcoin . People want to see their hard-earned money Analyst Still Sees "Massive Upside" in Amazon Stock , Raises Price Target to ,500. Forget IPOs: This Stock Is a Better Buy Right Now.

These three IT powerhouses are great investments in their own right, and they will also let you stay close to the cryptocurrency race So we asked a few of your fellow investors here at The Motley Fool how traditional stocks can do a better job of managing your nest egg than through a risky bitcoin bet.

Square has also invested directly in Bitcoin itself. In early October, they bought more than 4,700 bitcoins at an average price of around $ 10,600. With Bitcoin trading close to $ 18,000 today, that $ 50 million investment is now worth about $ 85 million. That's a 70% gain in just over a month.

It is important, however, that Square sees Bitcoin as much more than just a system with which one can get rich quickly. "Square believes that cryptocurrency is a tool for economic empowerment and gives the world the opportunity to participate in a global monetary system," the company said. Square believes Bitcoin is a good fit, and Dorsey is positioning its fintech to benefit greatly from the crypto revolution. And with it, of course, Square's shareholders. The chips for success

Will Healy (Advanced Micro Devices):

In 2017, at the height of the last bull market in the Bitcoin market, AMD produced the chips necessary for the mining. Today, the company behind it is more interesting than Bitcoin itself.

Since Lisa Su took over the CEO job in 2014, she has turned the young chip manufacturer out of near bankruptcy into an industry leader. It challenged NVIDIA in the GPU market. Due to its success, some even call AMD the new "King of Gaming CPUs". AMD drives the latest generation of the PlayStation from Sony and the Xbox from Microsoft

US stocks dip from record levels on disappointing economic data and soaring COVID-19 cases

  US stocks dip from record levels on disappointing economic data and soaring COVID-19 cases US stocks declined on Wednesday as a surprise jump in weekly jobless claims butted heads with vaccine hopes. The Dow Jones industrial average dipped below 30,000 after closing above the level at a record on Tuesday. New claims for unemployment benefits rose to an unadjusted 778,000 for the week that ended Saturday. Economists expected a reading of 730,000. Oil prices climbed on hopes for a demand rebound.West Texas Intermediate crude jumped as much as 3%, to $US46.26 per barrel. Watch major indexes update live here.


His most impressive feat, however, is arguably turning the tables on long-time rival Intel

. After lagging behind Intel for decades, AMD is now selling a 7nm chip while Intel has not been able to get past 10nm processors.

For now, Intel remains the much larger manufacturer. Still, AMD has gained significant ground.

In the last quarter, Intel produced about 6.5 times as much revenue as AMD. In the same quarter last year, Intel's sales were almost 11 times as high. The fact that AMD's revenue grew 56% was significant, as was the 128% increase in adjusted earnings per share.

Even if analysts expect a slight slowdown in growth in the coming year, they still forecast a 50% increase in net income. With a future P / E of 48, this makes AMD stock look like a bargain despite its 70% price gain in 2020.

The post Forget Bitcoin! These 3 tech stocks are better appeared first on The Motley Fool Germany


The Motley Fool owns shares of and recommends Microsoft, NVIDIA, and Square, and recommends Impinj and Intel. Keith Noonan owns shares of Impinj, Joe Tenebruso owns none of the stocks listed, and Will Healy owns shares of Square. This article was published on Fool.com

on November 22nd, 2020 and was translated for our German readers.

Motley Fool Germany 2020 X1

S&P 500 and Nasdaq close at record highs as investors bet that a vaccine will drive an economic rebound .
US stocks gained on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 and Nasdaq composite rose to record highs. Investors cheered Pfizer and BioNTech's application for regulatory approval for their coronavirus vaccine in the European Union. If approved, the shot could be distributed before the new year. Federal Reserve Chair Jerome Powell warned of lingering risks to the US economy at a Senate banking committee hearing. The commentary did little to dent investor bullishness Bitcoin fell as much as 6.3%, to $US18,157.38, before climbing back abouve $US19,000.

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