4 "Stealth" Ways to Invest in Crypto

Cryptocurrencies can be volatile and not all investors feel confident buying and holding them directly. But there are plenty of ways that they can get some exposure to the growth in crypto by investing in publicly traded companies that are making forays into cryptocurrency and stand to benefit. This is similar to the way investors who wanted to invest in China but didn't want to directly invest in Chinese companies have been getting exposure by investing in companies that were expanding in the nation, such as Starbucks and Nike. Here are three companies that you may not have known can give you exposure to the growth of crypto.

The company formerly known as Square changed its name to Block (NYSE: SQ) at the end of 2021 in part as a nod to the fact that blockchain technology is going to become a bigger part of its business. Block's popular Cash App has been allowing users to buy and sell Bitcoin since 2021. In 2022, Cash App enabled customers to start using Bitcoin's Lightning Network to make purchases using Bitcoin and to quickly and cheaply transfer Bitcoin to other users. As of December 2021, 44 million users are transacting with Cash App on a monthly basis, so this is a huge demographic of people who now potentially have easy access to using to Bitcoin. Block Chief Executive Officer Jack Dorsey has said that Block has worked with professional athletes to directly convert their paychecks to Bitcoin utilizing Cash App and the Lightning Network, and that he is hoping to bring this functionality to everyone.

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Source Fool.com