Mark Cuban says that crypto is ‘going through the lull’ that the early internet saw — here are 3 simple ways to bet on a big bounce – Yahoo Finance

Mark Cuban says that crypto is ‘going through the lull’ that the early internet saw — here are 3 simple ways to bet on a big bounce – Yahoo Finance

Blockchain Crypto Market Technology
May 19, 2022 by Coinvasity
33
In recent months, many new crypto investors have learned a hard lesson: Prices don’t always go up.For instance, Bitcoin — the largest cryptocurrency in the world — is down 37% year to date and 57% below its all-time high of $68,990 in November 2021.While sentiment is far from bullish these days, billionaire investor Mark Cuban’s
wp-header-logo-265.png

In recent months, many new crypto investors have learned a hard lesson: Prices don’t always go up.
For instance, Bitcoin — the largest cryptocurrency in the world — is down 37% year to date and 57% below its all-time high of $68,990 in November 2021.
While sentiment is far from bullish these days, billionaire investor Mark Cuban’s recent comments might cheer up crypto enthusiasts.
“Crypto is going through the lull that the internet went through,” writes the Shark Tank star and Dallas Mavericks owner in a tweet.
“After the initial surge of exciting apps, NFTs, DeFi, P2E, we saw the imitation phase as chains subsidized the movement of those apps to their chains (ala bandwidth and storage subsidies by startups in the 2000s).”
Not all companies are the same. In the crypto arena, Cuban expects the winning players to be those that “use smart contracts to improve business productivity and profitability.”
If you don’t want to pick individual winners and losers in the crypto world, you can still get exposure to the space through ETFs.
Here’s a look at three of them.
Sign up for our MoneyWise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.
Blockchain is more than just bitcoin. To get exposure to leading players in the segment, consider Global X Blockchain ETF.
The fund invests in businesses that are solidly positioned for the increasing adoption of blockchain technology. They include crypto miners, digital asset transaction technologists and developers of blockchain applications.
Global X Blockchain ETF’s portfolio currently consists of 27 stocks, with the top five holdings being Marathon Digital Holdings (11.0%), Riot Blockchain (10.9%), Coinbase Global (9.4%), Galaxy Digital Holdings (8.1%) and Northern Data (6.5%).
The ETF has an expense ratio of 0.5%.
First Trust Indxx Innovative Transaction & Process ETF aims to replicate the performance of the Indxx Blockchain Index. The index is made up of companies that are either actively using, investing in, or developing products that benefit from blockchain technology.
The ETF holds 103 stocks, making it one of the more diversified funds in the space.
While most blockchain ETFs focus on the U.S., LEGR gives investors access across the globe. In fact, the U.S. represents just 34.9% of the fund’s geographical exposure.
LEGR also has geographic exposure to China (11.5%), Germany (8.5%), India (7.4%), France (5.4%), the U.K. (5.0%) and Switzerland (3.0%) among others.
LEGR’s expense ratio is 0.65%.
If you simply want to invest in large cryptocurrencies, Bitwise 10 Crypto Index Fund is worth a look.
The fund tracks an index made up of the 10 largest crypto assets weighted by market capitalization. Because cryptocurrencies are often highly volatile, the index is rebalanced monthly to stay up to date with the rapidly changing market prices.
The fund’s five largest holdings are Bitcoin (63.7%), Ethereum (27.9%), Cardano (2.0%), Solana (2.0%) and Polkadot (1.4%).
BITW has a relatively high expense ratio of 2.5%.
Sign up for our MoneyWise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.
Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense
JPMorgan says this is the only sector seeing 'quality, growth and momentum scores' improve all at the same time
Warren Buffett just said he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 tangible assets instead
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Inflation is running hot. Farmland can help your portfolio with that.
The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round. Bezos' personal investment company, Bezos Expeditions, first invested in Arrived Homes during the company's $37 million seed round in June 2021. About Arrived Homes: Arrived is the first SEC-qualified real estate investing platform that allows virtually anyone to buy shares in single-family rent
I expected a lot of things going back to the office for the first time since the pandemic, but I didn't expect how I'd changed.
Elon Musk’s viral doppelgänger, affectionately known online as “Yi Long Musk,” has reportedly been banned from Chinese social media. The Douyin account of the Chinese social media star, whose true identity remains shrouded in mystery, has been wiped clean of content, according to Radii China. Although Radii stated that Yi Long Musk's ban was a result of “violating community guidelines," the media outlet did not specify which rules the viral star broke.
Inflation remains white-hot. These stocks can help ease the pain.
In this article, we discuss Warren Buffett’s 8 new stock picks in 2022. If you want to read about some more Buffett stock picks, go directly to ‘Greedy When Others are Fearful’: Warren Buffett’s 4 New Stock Picks in 2022. There are few value investors who have accumulated as much fame as Warren Buffett of […]
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses crypto's role in politics following Tuesday's primary elections in the U.S.
The simultaneous decline of multiple asset classes is unusual. Here's what bottomed first 40 years ago.
Investor sentiment has cratered in recent times in the wake of 40-year-high inflation, the Federal Reserve's decision to raise interest rates in response, and prolonged concerns in connection to Russia's invasion of Ukraine. With investors flocking to value stocks and safer assets for protection, shares of fast-growing technology companies have been especially crushed. The company's pullback has attracted the attention of CEO Anthony Noto.
Novavax (NASDAQ: NVAX) investors are no strangers to tragedy. On Feb. 9 in 2021, shares of the coronavirus vaccine developer hit their all-time high of $331.68. Are longtime shareholders doomed to heavy losses forever, or will Novavax return to its glory days?
Shares in these companies were trading above $300 in 2021 and they have what it takes to return to those levels in time.
In particular, Nvidia (NASDAQ: NVDA) has seen its stock price drop by 48%. The fall, understandably, has many investors asking if it's a good idea to buy Nvidia stock right now. Let's look closer at Nvidia's prospects, balance that with its valuation, and determine if long-term investors should buy now.
In this article, we discuss 10 stocks to buy now according to billionaire Ken Fisher. If you want to skip our detailed analysis of Fisher’s history, investment philosophy, and hedge fund performance, go directly to 5 Best Stocks to Buy Now According to Billionaire Ken Fisher. Ken Fisher is a billionaire hedge fund manager and […]
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently filed its latest 13-F with the SEC, giving investors a look at the stocks that the Warren Buffett-led conglomerate bought during the first quarter. It turns out Buffett and his team started eight new stock positions. What does Markel do?
Since early this year, Wall Street has faced a storm of macro headwinds that have turned last year’s bullish run into a bearish trend. Year-to-date, the NASDAQ is down 27%, and the S&P, with a loss of 18%, is not far behind. The drop in the markets comes along with gains in Treasury bonds – the 10-year Treasury note rate is nearly up to 2.9%. In a thumbnail summary, we can say that last year, investors looked at the markets through TINA’s (there is no alternative) eyes; now, conditions are start
Shares of AMC Entertainment (NYSE: AMC) were 3.4% higher at 11:24 a.m. ET on Wednesday after the movie theater operator filed a statement with the Securities and Exchange Commission that it now owns a 6.8% stake in National CineMedia (NASDAQ: NCMI), which runs advertisements on movie theater screens. CEO Adam Aron has said he would be making more investments using the $1.8 billion in liquidity AMC has available, and a purchase like this is probably what most people had in mind. National CineMedia is a holding company whose sole purpose is to operate National CineMedia LLC (NCM), which distributes ads to theaters.
Palantir (NYSE: PLTR) and Amazon (NASDAQ: AMZN) both burned the bulls after their stocks hit all-time highs last year. Palantir's stock started trading at $10 after the data-mining firm went public via a direct listing in September 2020. Amazon's stock closed at an all-time high of $3,731.41 last July, but it subsequently tumbled to about $2,200 as investors fretted over its slowing e-commerce growth and rising expenses.
In this article, we discuss 10 tech stocks Warren Buffett is holding despite selloff. If you want to see more tech stocks held by the billionaire amid the broader market selloff, click Warren Buffett Is Holding These 5 Tech Stocks Despite Selloff. Warren Buffett’s portfolio is often replicated by aspiring retail investors, as well as […]
Selecting stocks with great business models that have room to continue growing in the future is the secret to dividend investing. Here are three attractively valued dividend growth stocks that pay market-topping dividends to shareholders. NextEra Energy (NYSE: NEE) is the biggest publicly traded utility in the world, with a $140.1 billion market capitalization.
Shares of Cisco Systems were sharply lower Thursday after the networking gear maker issued a weak sales forecast for its current quarter. The warning sent stocks of other networking companies tumbling. Cisco (ticker: CSCO) said it expects fiscal fourth-quarter revenue to fall between 1% and 5.5% from a year earlier.

source

Add a comment