3 Chip Stocks That Could Benefit From a Crypto Mining Boom
Many cryptocurrencies have generated dizzying gains in recent years. The price of a single Bitcoin (CRYPTO: BTC), the world's top cryptocurrency, surged from just over $100 in Oct. 2013 to more than $54,000 today. Proponents of cryptocurrencies claim they're more secure and stable than fiat currencies, which are backed by governments instead of algorithms.
There are plenty of ways to ride this secular trend, including direct investments in cryptocurrencies, exchange-traded funds (ETFs), and companies that own Bitcoin or accept cryptocurrency payments.
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Source Fool.com
