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Don’t Fret Bitcoin Volatility, Embrace It

NetworkNewsWire Editorial Coverage: Volatility is a part, a necessary one as it happens, of any market, especially emerging markets such as cryptocurrency. That said, big swings aren’t deterring people from investing in the new asset class by any stretch of the imagination. In fact, people are jumping on the crypto/blockchain bandwagon in droves. In a survey this summer by Bakkt, nearly one-half of the 2,000 respondents said that they have invested in cryptocurrency this year, even if only a few dollars, with more than one-third of those not in yet saying that they are interested in joining the mix. While volatility — Bitcoin went from $68,978 to $43,563 in 24 days recently — is certainly prevalent, it doesn’t scare off investors in a market that has exploded on the scene in recent years. It hasn’t slowed businesses from investing in new technology either, with companies such as ISW Holdings Inc. (OTC: ISWH) (Profile) actively expanding core offerings as it establishes itself as one of the largest mining and hosting providers in the North America digital currency market. Fortunately, investors are afforded an array of investment options outside of cryptocurrency itself, with diversity strategies available through a variety of companies and funds, including Bakkt Holdings Inc. (NYSE: BKKT)HIVE Blockchain Technologies Ltd (NASDAQ: HIVE)ProShares Bitcoin Strategy ETF (NYSE ARCA: BITO) and MicroStrategy Incorporated (NASDAQ: MSTR)

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