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• The blockchain is finding its way into the real economy
• US chipmakers are among the big beneficiaries
• New crypto hype moves Bitcoin stocks into focus
In the hope of tracking down a large gold nugget, thousands of soldiers of fortune flocked to the region around San Francisco from 1848 onwards. While a few of the adventurers made the find of their lives in the midst of the California gold rush, most speculated on all of their belongings. The real winners of this time were not the gold diggers, but the merchants and traders who sold the euphoric gold prospectors the necessary equipment.
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The potential of the blockchain goes far beyond the Bitcoin hype
Even if the current Bitcoin hype can only be compared with the Californian gold rush of 1848 with a lot of imagination, there are still some similarities. Accordingly, it is quite conceivable that the long-term beneficiaries of the crypto hype, analogous to the California gold rush, are not necessarily the quick adventurers, but rather companies that are developing a solid business model around the new technology.
Many experts assume that a billion-dollar market will develop in the coming years around Bitcoin and especially blockchain technology. The analysts at Jupiter Research estimate, for example, that various blockchain applications could generate sales of over four billion in retail alone in 2023. Since large retail chains such as Carrefour and Walmart are already using the technology in their supply chain, this estimate could possibly still be far too conservative.
The Chinese e-commerce giant Alibaba is currently testing various blockchain applications that are intended to facilitate day-to-day business operations. The use of the technology in the area of the supply chain is particularly exciting. Because with the help of the blockchain, global supply chains, which are usually very complex, can be better monitored and tracked.
The blockchain-based pilot logistics system of the Fraunhofer Institute for Material Flow and Logistics shows what advantages the technology can have in global delivery traffic alone. With a chip integrated in classic Euro pallets, which sends information about the location, temperature and humidity of the goods twice a day, the institute is currently testing an application that is currently for the food industry should be very interesting. Using so-called smart contracts, the data from the integrated chips is transferred to a blockchain, which automatically monitors the entire supply chain.
In cooperation with IBM, the world’s largest container shipping company Maersk is also using such an application of the technology. With the help of the specially developed Trade Leans platform, the Danish shipowner can check and document all the relevant steps that occur on the way of a container ship. The potential of the blockchain in relation to global and international supply chains is just one example, which makes it immediately clear that there is much more to the hype about Bitcoin and the underlying technology than wild speculation.
These blue chips are among the biggest beneficiaries of the Bitcoin hype
Conservative investors who feel more stomach ache than happiness in the event of extreme price fluctuations do not necessarily have to position themselves on the highly volatile crypto market in order to benefit from the Bitcoin and blockchain trend.
The shares of several US tech companies, due to their business models, already offer the opportunity to earn money from the trend. These include primarily NVIDIA, AMD, IBM and PayPal. With a wide range of graphics cards and semiconductors, chipmakers NVIDIA and AMD may even be among the biggest beneficiaries of the hype.
Because to create or mine Bitcoins and other digital currencies, you need powerful graphics cards, which are primarily produced by these two companies. Correspondingly, the corporations can be compared to the pick-hook dealers from the time of the gold rush. But the so-called miners of the 21st century no longer need shovels and claw hooks, but rather efficient graphics chips that can calculate cryptographic codes.
In addition, IBM and PayPal can also be counted among the beneficiaries of the mass euphoria surrounding the topic. In contrast to many competitors, what is probably the oldest computer company in the world began to open up various areas of application for blockchain technology as early as 2015. In addition, the payment service provider PayPal is also trying to delve deeper and deeper into the almost infinite crypto universe. It was recently announced that the group would like to open up new market segments in connection with digital coins. So invested by Elon Musk co-founded group recently joined the crypto tax startup TaxBit. The company, founded in 2017, supports its users with tax issues related to trading in cryptocurrencies.
Seven interesting small caps from Canada & Co.
Risk-conscious investors do not necessarily have to choose between blue chips and Bitcoin direct investments, but can also rely on numerous small caps from the industry. There are currently a large number of companies on the international stock exchanges that have partially or even completely aligned their business model to Bitcoin and the blockchain.
Probably the most famous Bitcoin stocks from the USA, Canada, China and Iceland include Riot Blockchain, HIVE Blockchain, Future FinTech Group, Codebase Ventures, Interbit, NetCents Technology and LeoNovus. These seven companies focus mostly on Bitcoin mining or on services that are directly related to trading in digital currency.
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Four promising Bitcoin stocks from Germany
Promising companies and exciting business ideas related to Bitcoin have long been found not only on the other side of the world, but of course also in Germany. Northern Data, the Bitcoin Group, Naga Group and Advanced Blockchain AG are among the most exciting players in this country.
While Northern Data AG from Frankfurt has specialized in the construction and development of infrastructure solutions in the field of high-performance computing and thus benefits greatly from Bitcoin mining, the Bitcoin Group from Herford operates by far the largest with over 900,000 users Bitcoin exchange in German-speaking countries.
In contrast to the US crypto exchange Coinbase, which, according to experts, could be valued at up to 30 billion US dollars due to its IPO this year, the Bitcoin Group, with a market capitalization of just under 260 million euros, is still a real flyweight.
Pierre Bonnet / Forex-news.com.net editors
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