Top 5 Best Blockchain Stocks That Every Investor Should Consider

The blockchain technology is one of the most innovative and disruptive technologies of the 21st century. It has tremendous potential to revolutionize several industries by enhancing transparency, security, and efficiency. For investors, blockchain stocks present an excellent opportunity to gain exposure to this promising technology and generate substantial returns.

In this article, we will discuss the top 5 best blockchain stocks that every investor should consider. These companies have shown remarkable growth potential, excellent financial performance, and a strong position in the market.

1. Square Inc. (SQ)

Square Inc. is a technology company founded in 2009 by Jack Dorsey and Jim McKelvey. It provides a range of financial services, including payment processing, financial and marketing software, and small business services. In 2018, Square launched Square Crypto, a subsidiary dedicated to Bitcoin development.

In the Q1 2021 earnings report, the company’s gross profit increased by 79% year-over-year, driven mainly by the growth of Cash App, its mobile payment service. Additionally, Square purchased $50 million worth of Bitcoin to add to its existing holdings.

2. Nvidia Corporation (NVDA)

Nvidia Corporation is a leading computer hardware manufacturer that specializes in graphics processing units (GPUs). In recent years, the company has expanded its reach into the blockchain industry by creating GPUs specifically designed for cryptocurrency mining.

The demand for GPUs has surged due to the increasing use of blockchain technology and artificial intelligence. In 2020, Nvidia’s revenue increased by 52% year-over-year, driven mainly by the company’s gaming and data center businesses.

3. IBM Corporation (IBM)

IBM Corporation is a multinational technology and consulting company founded in 1911. It has been actively working on blockchain technology for over a decade, with its IBM Blockchain division providing blockchain solutions to various industries.

IBM is also collaborating with several partners, including Walmart, Nestle, and Maersk, to create a blockchain-based supply chain management system. In the Q1 2021 earnings report, IBM’s cloud and cognitive software segment revenue increased by 4% year-over-year, with a significant contribution from its hybrid cloud growth.

4. PayPal Holdings Inc. (PYPL)

PayPal Holdings Inc. is a digital payments company that operates in over 200 markets worldwide. In 2020, the company announced its entry into the cryptocurrency space, allowing its users to buy, hold and sell cryptocurrencies.

PayPal’s Q1 2021 earnings report showed strong growth, with its revenue increasing by 31% year-over-year. Additionally, the company’s CEO, Dan Schulman, stated that the adoption of cryptocurrencies on its platform will help in achieving its mission of making financial services accessible to everyone.

5. Mastercard Incorporated (MA)

Mastercard Incorporated is a leading global payments and technology company. In 2020, the company announced its plans to support cryptocurrencies on its payment network.

In the Q1 2021 earnings report, Mastercard reported revenue growth of 4% year-over-year, driven mainly by its cybersecurity solutions and cross-border transactions. The company’s management has expressed interest in exploring blockchain technology and its potential applications in the payments industry.

Conclusion

In conclusion, the blockchain technology and its potential applications are gaining traction globally. For investors looking to gain exposure to this emerging industry, the five stocks discussed above present excellent investment opportunities. However, the choice of investment depends on individual preferences, risk appetite, and investment strategy. As always, investors should conduct thorough research and seek professional advice before making any investment decisions.

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