This story was originally published here.
Bitcoin is back in the news.
This week, the world’s largest cryptocurrency went through its halving cycle.
In this process, the payments crypto miners receive for securing the underlying blockchain get cut in half.
A week ago, miners were getting 12.5 BTC for every new block added to the chain. After the halving, the payout is only 6.25 BTC.
It’s as if a gold mine suddenly yielded half the amount of the gilded metal for the same amount of work.
The halving cycle has piqued interest in “digital gold” like we haven’t seen in a few years.
After all, increased scarcity tends to attract investors. The previous halving in 2012 and 2016 precipitated massive rallies in bitcoin.
Last month, Barron’s mentioned the halving in its weekly editorial.
Google searches for “buy bitcoin” are the highest they’ve been in over a year.
And Wall Street research firm Jeffries even went so far as to tell clients to go ahead and buy ahead of the halving.
Since January, bitcoin is up around 40%, outpacing every major asset class.
It’s not just bitcoin, though.
Other crypto assets have climbed as well. The total market cap has risen 37% this year to $261 billion.
There’s clearly an opportunity here. But investing in crypto can be tricky.
Even though popular online brokerages such as E*Trade and Robinhood are now allowing investors to buy a few cryptocurrencies, there are still limitations to putting them in retirement accounts.
Plus, they’ve only listed a few of the 2,000-plus tradable cryptos.
Today, I’m going to go over the three exchange-traded notes (ETNs) that provide exposure to the crypto markets … and why you shouldn’t buy them.
Editor's Note: Click here to see the other two crypto products to avoid.
The No. 1 Tech Stock of 2020 Just Tripped a Rare “BUY” Signal
One company is about to blow nearly every other tech firm out of the water.
As one investment analyst commented: “Its numbers are truly mind-blowing.”
Thirty-one analysts recently gave this stock a massive buy/outperform rating…
And it just triggered a fresh signal that indicates it could be about to explode in price.
You see, this company holds more than 200 patents, and 500 more are pending in a technology that experts are calling “the new oil.”
That makes this company absolutely dominant in a tech revolution that is expected to explode 18,767%.
You won’t want to miss this.
Click here now to see exactly why Ian King recommends this amazing company.
