3 Dividend Stocks To Play The Cryptocurrency Boom

Bitcoin. Ether. Blockchain. Cryptocurrency.

We’re in a very interesting time as investors. It’s also an exciting time. Now, I’m a businessman who invests in businesses.

While I don’t know where this whole bitcoin thing is going to go, I will say that investors can expose themselves to these new frontiers while still managing their risk and collecting safe, growing passive dividend income.

It’s the best of both worlds. Today, I want to tell you about three dividend growth stocks directly exposed to cryptocurrency. Ready?

This custody bank is adapting to the 21st century. They announced in February 2021 they will begin to finance bitcoin and other digital currencies. They’ll allow digital currencies to pass through the same financial network it currently uses for more traditional assets like bonds and equities.

While the opening of networks is sure to become more widespread, this bank gets an early mover advantage.

Here’s what Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon (BK), said about the move: “BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets.”

With or without this move, though, I think this is a great long-term investment for dividend growth investors.

It’s just that this is icing on the cake and even more of a reason to be invested. I highlighted this stock back in December as an attractive long-term idea when the stock was around $40/share.

It’s now over $50/share, and it could be headed higher with this smart move. Meanwhile, the stock offers a safe 2.4% yield with a dividend that’s been consistently growing over the last decade. The 10-year dividend growth rate is 13.2%, and they’ll likely be handing out a nice dividend increase this summer.

CME (CME) is one of the largest exchanges for financial instruments on the planet.

They’ve typically offered options, futures, and other derivatives contracts on things like stock indexes and commodities. And they’ve now moved into cryptocurrencies. They previously announced an exchange for options in bitcoin. And then in 2020, they expanded that to futures contracts. They’ve most recently moved into ether.

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Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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