6 Best Cryptocurrency Stocks To Buy In 2022

If you’ve followed recent financial news, you will attest to the increasing popularity of cryptocurrencies. Crypto coins have become a hot investment, with cryptocurrencies, such as Bitcoin surpassing $2 trillion. 

Cryptocurrencies or Crypto Stocks: Which Is a Better Investment?

Investing in crypto stocks or assets is risky, but potentially very profitable. Investing in cryptocurrencies is prudent if you want direct exposure to these digital currencies.

Cryptocurrency Risks

Investing in cryptocurrencies directly is risky due to the volatility of these coins. Unlike stock exchanges, cryptocurrency exchanges are very vulnerable to hacks and other cyber security threats.

6 Top Crypto Stocks To Invest In

Buying stocks in companies that invest in crypto assets is a safer way of gaining exposure to cryptocurrencies. Below are the top stocks that have created waves in the crypto market. 

1. Coinbase Global

Coinbase Global is currently the leading crypto trading exchange that made its IPO debut in 2021. The company is a good choice for purchasing popular cryptocurrencies, including Bitcoin, Ethereum, Cardano, and other altcoins.

2. Square and PayPal Holdings

Central intermediaries are at the center of most digital payments. Due to this, PayPal and Square decided to expand their money transfer business by enabling users to purchase and store cryptocurrencies in their digital wallets.

3. Nvidia and AMD

While Nvidia (chipmakers) and AMD do not handle cryptocurrencies directly, these two companies are the best designers of GPUs (Graphics Processing Units). Initially, GPUs from these companies were mainly used in powering video games that required high-end graphics.

4. Facebook and Shopify

The popular social platform, Facebook, has been developing a Cryptocurrency called Diem. According to Facebook, Diem will facilitate global payments and provide financial infrastructure to everyone, including those without bank accounts.

5. Tesla

Tesla, a space and electric car company, is another company that has made significant investments in Cryptocurrency. The company recently invested an estimated $1.5 billion to purchase digital assets.

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