I’m a safe income guy always on the hunt for the safest and most stable dividend-paying stocks.
And I can tell you one thing. There’s always a way to “play it safe,” even with something as volatile as Bitcoin.
Here I’ll share the best way to ride Bitcoin’s current bull market without taking on a lot of risk.
Bitcoin Is Far Too Risky for Most Investors
Bitcoin is a polarizing topic. Some economists think Bitcoin’s value should be $0. Others think it’s as revolutionary as the internet.
But one thing is certain: The price of Bitcoin is incredibly volatile. This makes it a non-starter for most income investors.
Fortunately, I’ve zeroed in on a company that actually benefits from Bitcoin’s volatility. It’s a safe and stable way to profit from Bitcoin without exposing yourself to a lot of risk.
But first, let’s take a closer look at Bitcoin’s wild price swings…
Bitcoin once shot up 1,882% in a little under a year.
It went from $998 in January 2017 to $19,783 in December 2017. That’s incredible. But it didn’t last.
One year later, Bitcoin had dropped around 83% to $4,935.
Now we’re back in a Bitcoin bull market. Over the last six months, Bitcoin’s price has rallied over 300%.
I’m not sure about you, but most people can’t stomach that much volatility. And frankly, they shouldn’t. Buying Bitcoin is simply too risky for most investors.
That’s why we’re coming at this from a different angle…
The Low-Risk Way to Profit from Bitcoin’s Volatility
Instead of buying Bitcoin directly, we’re looking at companies that benefit from Bitcoin’s volatility.
One of the best ways to do this is through Bitcoin’s “picks-and-shovels” stocks.
The term comes from the California Gold Rush. Most of the miners who flooded into California during the 19thcentury never struck it rich. And many went broke.
But smart businessmen figured out that selling picks, shovels, and other essentials to the miners was much more profitable—and far less risky.