Many traditional financial organizations and individuals are wary of the future of cryptocurrency. The whole incident has been described as “disgusting” by Warren Buffett and Charlie Munger. Even Wall Street hedge funds are looking to crypto equities for growth potential. According to Elwood Asset Management, a London-based financial advising firm, the asset management market will increase at a 20 percent compound annual growth rate over the next five years. Crypto is being adopted by mainstream firms, leaving established funds with no choice but to embrace the growing currency. In a $40 million fundraising round for Anchorage, which provides crypto services to institutions, Visa Inc. was one of the key investors. Companies from a variety of industries are increasingly participating in the crypto market.
Insider Monkey states the list of the 10 best blockchain stocks to buy. Extreme Networks, Inc. offers cloud-based network management, virtual private network solutions, and wireless architectural control, among other services. Aerohive Networks is owned by the corporation as a result of an acquisition. It just announced its fiscal third-quarter results, which revealed revenue of $253.4 million for the period ending March 31. As of December 31, 2020, Riot Blockchain Inc. had 7,043 miners in North America. Its mining revenue in the fourth quarter of last year was $5.2 million, up 116 percent over the previous quarter. In March of this year, the corporation released its fourth-quarter and full-year 2020 financial results. Amazon.com, Inc. is one of the world’s most successful e-commerce enterprises. According to reports, the corporation intends to launch its own cryptocurrency. It also made its new crypto mining solution available on AWS. Amazon.com is ranked number eight on the list of the finest blockchain stocks to invest in. Mastercard Incorporated is a global payments company that is rapidly adopting cryptocurrency and blockchain technology. The company stated in February that it would begin allowing consumers to accept cryptocurrency payments. Mastercard also stated that it owns 89 patents related to blockchain technology. IBM recently announced that it will license its software to METACO, a crypto custody service provider based in Switzerland. In the coming years, cloud and AI technologies will play an increasingly important role in crypto and blockchain services. For more details, click 10 Best Blockchain Stocks To Buy.
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