Cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) have taken the world by storm over the past year, and some investors are buying into the crypto trend in hopes of getting rich.
While it is possible to achieve lucrative returns with cryptocurrency, it’s also a risky investment. The future is uncertain right now because it’s so highly speculative. Although it could change the world, it’s equally possible that it could become worthless someday.
Still, though, it’s hard to ignore the temptation of cryptocurrency. If you’re eager to invest but want to limit your risk, there’s one safer way to buy without actually buying: investing in crypto stocks.
What are crypto stocks?
When most people discuss buying cryptocurrency, they’re typically referring to buying the currencies directly — for example, buying Bitcoin tokens. But you can also gain exposure to the crypto market without having to buy the tokens themselves by investing in crypto stocks.
A crypto stock is a company that is somehow involved in the cryptocurrency movement. Some examples include: