If Bitcoin Replaces the Dollar, These Tech Stocks Will Be Winners
As the original cryptocurrency, Bitcoin (CRYPTO: BTC) has received increased attention as it delivers massive returns to long-term investors. Some have speculated it could replace or at least compete with the U.S. dollar, and in some respects, that has come true. Many who live in economically unstable countries turn to Bitcoin instead of the U.S. dollar for storing value, making purchases, and tracking spending.
Although the Treasury Department has shown no inclination toward dropping the U.S. dollar in favor of Bitcoin, Coinbase (NASDAQ: COIN) and Square (NYSE: SQ) would almost certainly benefit from such a replacement.
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Source Fool.com
