Blockchain and cryptocurrency are two of the hottest topics in investing right now. They are so hot that we’ll start this article with a surgeon general’s warning.
Some companies will claim they are using blockchain, or have a cryptocurrency, to move their stock. As an investor you need to do your homework before investing in those companies.
You can invest in blockchain technology in a few ways. First, you can open a few cryptocurrency accounts. You have to open a few accounts because you’ll want to spread the risk that an exchange will close or be hacked.
You’ll also need a few accounts because you’ll have to buy Bitcoin on one exchange. Then you’ll need to transfer it to another exchange. Finally, you’ll need to convert it to another coin to buy the cryptocurrency you want to own. Yeah, it’s a little complicated.
Or, you can invest in publicly traded companies using the technology themselves. Let’s take a look at three different OTC companies using blockchain, or working in cryptocurrency.
As the price of cryptocurrencies like Bitcoin began to take off many companies began to mine Bitcoin. Like mining gold, the value of a mining operation is largely dependent on the value of what is being mined. The higher the Bitcoin price, the more lucrative the mining operation.
One way to invest in Bitcoin, without actually owning Bitcoin, is to invest in a company like Integrated Ventures, Inc. (OTCQB: INTV). Integrated Ventures has three lines of business. They mine cryptocurrencies, sell mining “rigs” (to others who want to mine), and they are developing a blockchain lending platform.
Integrated has been growing by both building mining equipment, and rolling up other miners. The recent acquisition of digiMINE, LLC doubled their mining capacity.
And, they’ve managed to simultaneously grow capacity and pay down debt. Steve Rubakh, the INTV CEO, stated that in Q1 2018 his company has reduced convertible debt to zero. They also increased assets 384% since June 30th, 2017, from $296,280 to $1,538,927.
Voting is another area where blockchain technology is innovating the current old and out-dated process. Global Arena Holding, Inc. (OTC Pink: GAHC) is working with a variety of partners to secure voting using blockchain technology. They recently had a successful test of a secure online voting portal.
Late last year Global Arena Holding also announced the introduction of a new voting technology. The technology, used to count in-person votes, is hard-wired and cannot be hacked.
Finally, Singlepoint, Inc. (OTCQB: SING) is working on a blockchain solution to capture data for automobiles. The technology allows the company to maintain irrefutable maintenance records for automobiles.
Singlepoint recently closed a deal with Carfax for “key insights and analytics into the histories of individual cars.” Strategic alliances like this could lead to mass adoption of the Singlepoint solution.
The application of blockchain technology may be game changing in many areas. These three companies offer investors opportunity in blockchain technology while never owning cryptocurrency.
Disclaimer: The author and Spotlight Growth has no positions in any of the stocks mentioned in this article. Nor does either party currently have any relationship, or any other conflicts of interest, with any of the companies mentioned in this article. This content is meant for informational and entertainment purposes only and should not be meant as a recommendation to buy or sell any securities. Please visit a licensed financial representative to determine what investments are right for you.
Article By: Steven Adams
