Block, Inc.: A Safer Way to Invest in the Crypto Market
As Bitcoin approaches the $100k mark, crypto enthusiasts are once again feeling optimistic. The recent election has given a boost to those involved in cryptocurrency. Although Bitcoin's volatility makes it an unreliable medium of exchange, it has proven to be a store of value similar to gold. Block, Inc., which owns almost $1 billion worth of Bitcoin, has a strong presence in the crypto sector through its CashApp division and can provide exposure to the crypto market with less risk than investing in crypto miners or exchanges. The company's stock can be valued based on its future expected discounted cash flows, and it could be worth as much as $150 per share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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