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What are the top stocks to consider for cash app users wanting exposure to the cryptocurrency market?

avatarmatt-singletonDec 26, 2021 · 3 years ago3 answers

For cash app users who want to invest in the cryptocurrency market, what are some of the best stocks to consider for exposure?

What are the top stocks to consider for cash app users wanting exposure to the cryptocurrency market?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One top stock to consider for cash app users wanting exposure to the cryptocurrency market is Square Inc. (SQ). Square is the parent company of Cash App and has been actively involved in the cryptocurrency space. By investing in Square, cash app users can indirectly gain exposure to the cryptocurrency market through the company's involvement in Bitcoin transactions and its Bitcoin revenue. This makes Square a convenient and potentially profitable option for cash app users looking to invest in cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    If you're a cash app user looking to get exposure to the cryptocurrency market, you might want to consider investing in PayPal Holdings Inc. (PYPL). PayPal has been embracing cryptocurrencies and allowing its users to buy, sell, and hold cryptocurrencies directly within the app. By investing in PayPal, cash app users can gain exposure to the cryptocurrency market without the need for a separate cryptocurrency exchange account. This can be a convenient and user-friendly option for cash app users who want to invest in cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Another option for cash app users wanting exposure to the cryptocurrency market is to invest in the Grayscale Bitcoin Trust (GBTC). The Grayscale Bitcoin Trust is a publicly traded investment vehicle that holds Bitcoin. By investing in GBTC, cash app users can indirectly gain exposure to Bitcoin without having to deal with the complexities of buying and storing Bitcoin directly. It's important to note that GBTC is not a stock, but rather a trust that holds Bitcoin, so its performance may not directly mirror the price of Bitcoin. However, it can still be a convenient option for cash app users looking to invest in Bitcoin.