Something major is happening in the crypto world right now that most traders and investors aren’t aware of.
And it has everything to do with Paypal…
Since you usually hear me talk about all the stocks I’m currently watching, I thought it’d be beneficial for us to take a look at this upcoming trend and how you can invest in cryptocurrencies using regular stocks.
Paypal Holdings Inc (Nasdaq: PYPL) just made a big announcement. Once it launches in the year 2021, Paypal account holders in the U.S. will be able to buy, hold and sell cryptocurrency directly with Paypal. In other words, customers can soon use cryptocurrency as a payment source in the app.
You’re finally going to be able to use cryptocurrencies when you’re paying with Paypal.
(For those of you who don’t know what cryptocurrency is, it’s a digital currency that uses electronic files as money. It benefits from “decentralized control,” meaning it’s not controlled by one person or government. It is also commonly bought and sold by speculative traders.)
That’s huge because Paypal is one of the largest online payment processors in the world. If Paypal is doing it in 2021, it’s only a matter of time until other payment systems start doing the exact same.
I think we’ll even eventually be able to use cryptocurrency when ordering things on Amazon.com Inc. (Nasdaq: AMZN). In fact, Square Inc (NYSE: SQ) is already in talks about accepting Cryptocurrency as a payment method.
But let’s say you want to invest in cryptocurrencies; however, you don’t want to go all in or use the Wallet app on your iPhone. Well, I have found a way around that.
You can purchase RIOT!
Riot Blockchain Inc (Nasdaq: RIOT) is one of the largest and lowest-cost producers of Bitcoin. The company leverages its expertise and network to build and support blockchain technology comapnies, while providing investment exposure to the ever-growing blockchain ecosystem.
But now let’s say you’re wanting to invest in cryptocurrency ETFs. Well, I have got one of those for you, too.
Check out today’s video to learn three different ways you can invest in cryptocurrency. And as always, I’d love to hear your thoughts so be sure to leave a comment in the section below.
P.S. In case you didn’t know…
A good way to decrease risk is to simply minimize the time you spend in the stock market. In other words, get into a trade before a large move and quickly get out.
Luckily for us, Future of Wealth Head Trader Lance Ippolito has made a career out of these 24-hour trades…
He deciphers data from the options market and uses it to strike moments before a stock jumps or crashes.
And now he’s ready to show you how to spot unusual trading activity called “Shadow Blitzes” that could put cash in your hands within 24 hours.
If you’re tired of the market roller coaster and hate watching your positions plummet… I highly recommend you check Lance’s incredible strategy out.