Motley Fool - Feb 12, 2021 HIVE Blockchain stock
In 2021, you can’t ignore Bitcoin. It has caught the attention of billionaire visionaries like Elon Musk and hedge funds. But Buffett despises Bitcoin for its volatility, unregulated nature, scams, and hacks. However, he acknowledges the significant growth potential of blockchain technology.
You can get exposure to Bitcoin without playing a gamble by investing in HIVE Blockchain Technologies (TSX:HIVE). Crypto stocks make money by mining the digital currency, which needs a lot of electricity that generates heat. HIVE is a blockchain infrastructure company that has data centres in cold areas like Sweden and Iceland, where it mines Bitcoin and Ethereum. This Bitcoin frenzy sent HIVE’s stock up 560% between November 8, 2020, and January 8. Then it fell 33% in January and surged 45% in February.