Why I Would Buy This Stock Instead of Bitcoin
Cryptocurrency has become a hotly debated topic, with Berkshire Hathaway's legendary leader Warren Buffett saying "I don't have any cryptocurrency and I never will," and Tesla's Elon Musk touting Dogecoin at seemingly every opportunity.
For the rest of us earthlings, a more balanced approach might be warranted. And the best way to do that might be to invest in regular companies that have some exposure to cryptocurrency. That's why I would buy shares of MercadoLibre (NASDAQ: MELI) stock instead of Bitcoin (CRYPTO: BTC).
MercadoLibre, which means "free market" in Spanish, has two main businesses. One is its namesake e-commerce business, which is similar to Amazon or eBay. The other is MercadoPago, its payments app, which is similar to PayPal or Square's Cash App.
Source Fool.com
