Forget Bitcoin: This Stock Is a Better Buy

Bitcoin has been a hot topic in the investing world recently, and it isn't hard to see why. The leading cryptocurrency recently hit a fresh all-time high and is up by about 240% so far in 2020. Plus, institutional interest from hedge funds and corporations has increased to its highest level yet.

However, whether bitcoin has a bright future -- either as a digital currency or as a store of value -- remains to be seen. This makes bitcoin a highly speculative asset to own. If you're a believer in the long-term use cases for bitcoin, another way to play it would be to buy a stock that could make billions if bitcoin does well, but that will be just fine if it doesn't. Fintech leader Square (NYSE: SQ) is definitely one of them.

Image source: Square.

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Source Fool.com