Battle of the $54 Billion Assets: Buy This, Not Dogecoin

With meme stocks and cryptocurrencies once again capturing the imagination of investors, it's important to add some perspective. One of the great innovations of the stock market is that it allows individuals to own small pieces of large cash-producing businesses. That's important because not all assets are created equal, even if they are priced the same.

Right now, the total value of Dogecoin (CRYPTO: DOGE) is about $54 billion. That's the same value as one of the best biotech companies around. Vertex Pharmaceuticals (NASDAQ: VRTX) dominates the market to treat one rare but life-threatening disease and has a pipeline of candidates targeting six others. It's also cheaper than the broader market. Those are just a few of the traits that could make it a much better investment over the next several years than a digital currency that started as a joke.

Image source: Getty Images.

Continue reading

Source Fool.com