10 Best Bitcoin and Blockchain Stocks To Buy Now

In this article, we discuss 10 best bitcoin and blockchain stocks to buy.

Blockchain technology has the capacity to bring about significant changes across different sectors, including business, healthcare, and more. It accomplishes this by facilitating decentralized, transparent, and secure transactions and interactions. As time passes, blockchain technology continues to evolve. According to insights from The Crypto Times, 2023 is anticipated to witness blockchain trends that will impact areas like finance, art, gaming, AI, sustainability, and others. Among these trends, decentralized finance stands out as a prominent and widely accepted development in blockchain technology. Decentralized finance comprises an ecosystem of financial services and products that are built upon blockchain platforms like Ethereum, Binance Smart Chain, Solana, and others. It aims to make financial services more accessible, inclusive, and transparent for users. This trend has already shown potential to revolutionize the financial services sector, experiencing growth and innovation since 2020, with expectations for continued progress throughout 2023.

Similarly, non-fungible tokens have ushered in a new era of digital creativity and provided a fresh marketplace for artists and collectors. These digital assets, powered by blockchain technology, offer ownership and versatility. Additionally, the integration of Blockchain and Artificial Intelligence is a promising trend, offering developers innovative solutions to challenges. Another noteworthy trend is the development of Central Bank Digital Currencies. CBDCs aim to improve payment system efficiency, increase financial inclusion, and maintain monetary stability.

Cryptocurrency Outlook

The beginning of 2023 marked a strong period for cryptocurrencies, including Bitcoin,  especially after a challenging year in 2022. Bitcoin, in particular, showed an average increase of 0.39% in July, reaching approximately $31,000. Crypto experts are optimistic that Bitcoin can maintain its position around $31,000 and potentially reach $60,000 by the end of 2023. The path to recovery may be long, but factors like the deepening banking crisis in the US, a weakening dollar index, and easing inflation have contributed to the resurgence of Bitcoin and other digital currencies, making them more resilient. Additionally, crypto experts look forward to Bitcoin’s halving event scheduled for 2024. This event, occurring every four years, reduces Bitcoin rewards to miners by 50%, resulting in a payout of 3.125 BTC. Historically, halving events have generated significant momentum for Bitcoin’s price.

Bitcoin has surged by over 60% since the beginning of this year. These unforeseen gains have outperformed many other assets, resulting in significant profits for those who purchased Bitcoin during price declines. The cryptocurrency community is enthusiastic about Bitcoin reaching new record highs and is optimistic about its future. Marshall Beard, the Chief Strategy Officer at the Gemini cryptocurrency exchange, anticipates that Bitcoin will surpass its previous all-time highs by the end of this year. He said:

“$100,000 price figure is an “interesting number if bitcoin gets to its previous record high of near $69,000.”

Bloomberg‘s report highlighted Standard Chartered’s growing optimism about Bitcoin’s future, with a target of reaching $120,000 by the end of 2024. This bullish outlook is driven by the changing behavior of Bitcoin miners who are now refraining from selling their tokens. Bitcoin mining, a power-intensive process that uses advanced computers to validate transactions on the Bitcoin blockchain, rewards miners with tokens. Typically, miners sell these tokens to cover their expenses. However, as Bitcoin’s price rises, miners can afford to sell fewer tokens, holding onto more in anticipation of even higher future prices. As stated by Geoff Kendrick at Standard Chartered:

“Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher.”

One of the most bullish predictions comes from Catherine Wood, the head of Ark Investment Management, who has maintained that Bitcoin will reach $1 million by 2030.

Some of the top companies operating in cryptocurrency and investing in blockchain technology include Visa Inc. (NYSE:V), NVIDIA Corporation (NASDAQ:NVDA), and Amazon.com, Inc. (NASDAQ:AMZN).

Our Methodology

We selected the following bitcoin and blockchain stocks based on the hedge fund sentiment toward each stock. We have assessed the hedge fund sentiment from Insider Monkey’s database of 910 elite hedge funds tracked as of the end of the second quarter of 2023. The list is arranged in ascending order of the number of hedge fund investors in each firm.

Source: PixaBay

Best Bitcoin and Blockchain Stocks To Buy Now

10. Coinbase Global, Inc. (NASDAQ:COIN)

Number of Hedge Fund Holders: 27

Coinbase Global, Inc. (NASDAQ:COIN) operates as a financial infrastructure and technology company, serving the cryptocurrency sector in the United States and worldwide. Their services include a financial platform for consumers, a marketplace facilitating crypto asset transactions for institutions, and technology solutions that enable developers to create cryptocurrency-based applications and securely accept crypto payments.

On September 5, Coinbase Global, Inc. (NASDAQ:COIN) announced an increase in the maximum amount of its outstanding 3.625% senior notes due in 2031 available for repurchase in its tender offer, raising it from $150 million to $180 million.

According to Insider Monkey’s second quarter database, 27 hedge funds were bullish on Coinbase Global, Inc. (NASDAQ:COIN), compared to 28 funds in the previous quarter. Cathie Wood’s ARK Investment Management held the largest position in the company, with 12.12 million shares worth $867.3 million.

Like Visa Inc. (NYSE:V), NVIDIA Corporation (NASDAQ:NVDA), and Amazon.com, Inc. (NASDAQ:AMZN), Coinbase Global, Inc. (NASDAQ:COIN) is one of the best bitcoin stocks to buy.

Here is what Miller Value Partners Opportunity Trust Fund has to say about Coinbase Global, Inc. (NASDAQ:COIN) in its Q2 2022 investor letter:

“Coinbase Global Inc. Ordinary Shares (NASDAQ:COIN) fell during the quarter as the crypto markets continued to suffer. While the company reported disappointing results, it committed to capping EBITDA losses at $500M even in the event of “a prolonged market downturn”. COIN’s ample liquidity ($6b in cash on hand) should enable them to survive a prolonged “crypto winter” and invest to strengthen the business in the downturn. While the crypto market is early in its adoption, Coinbase is focused on building the platform for crypto not only supporting trading, and cold storage, but moving into NFTs, staking, and crypto derivatives. We see tremendous upside potential for COIN over the next decade if they are able to successfully execute on their platform strategy.”

9. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 51

International Business Machines Corporation (NYSE:IBM) offers integrated solutions and services globally across four main segments – Software, Consulting, Infrastructure, and Financing. International Business Machines Corporation (NYSE:IBM)’s blockchain consulting services are designed to create a scalable distributed system using a well-established network framework, placing it among the best blockchain and bitcoin stocks. 

On September 20, International Business Machines Corporation (NYSE:IBM) saw an increase of approximately 0.9% in pre-market trading after investment firm RBC Capital began coverage of the stock with an Outperform rating. RBC Capital analyst Matthew Swanson, who has set a price target of $188 for International Business Machines Corporation (NYSE:IBM), expressed admiration for the company’s extensive software platform.

According to Insider Monkey’s second quarter database, 51 hedge funds were bullish on International Business Machines Corporation (NYSE:IBM), up from 49 funds in the preceding quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP held a significant position in the company, with 1.2 million shares valued at $162.55 million.

Diamond Hill Long-Short Fund made the following comment about International Business Machines Corporation (NYSE:IBM) in its Q4 2022 investor letter:

“New positions initiated in Q4 included shorts International Business Machines Corporation (NYSE:IBM), Acushnet Holdings (GOLF) and elf Beauty (ELF). Since diversified information technology company IBM’s 2019 acquisition of Red Hat, the company has aggressively pursued a hybrid cloud strategy. Though IBM and its new management team have made solid progress on this pivot, we believe the company still meaningfully lags the cloud hyperscalers and other cloud-native companies. Management has also laid out aggressive long-term targets for revenue growth and free cash flow, both of which we believe the company will struggle to achieve as it faces intense competition in its hybrid cloud business and structural headwinds in the company’s legacy businesses.”

8. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 66

Block, Inc. (NYSE:SQ) develops tools that enable sellers to accept card payments. It also offers reporting and analytics, while also facilitating next-day settlements. The company acquired approximately 4,709 bitcoins in October 2020, investing $50 million. Recognized as one of the best bitcoin stocks, Block, Inc. (NYSE:SQ) has been a prominent figure in the Bitcoin space since 2018 through their Cash App, which facilitates Bitcoin buying and selling for customers. Additionally, the company launched the Cryptocurrency Open Patent Alliance, a nonprofit entity to promote innovation in the cryptocurrency sector.

According to Insider Monkey’s second quarter database, 66 hedge funds were bullish on Block, Inc. (NYSE:SQ), compared to 64 funds in the last quarter. Cathie Wood’s ARK Investment Management is the largest position stakeholder of the company, with 10.73 million shares worth $714.1 million.

Here is what Baron Fintech Fund has to say about Block, Inc. (NYSE:SQ) in its Q2 2022 investor letter:

“Block, Inc. provides point-of-sale technology to small businesses and operates the Cash App ecosystem of financial services for individuals. Shares fell due to mixed quarterly results with more modest growth in the Seller business offsetting strength in Cash App. While integration of recently acquired Afterpay is progressing well and credit metrics remain healthy, the buy-now-pay-later business slowed due to greater competitive intensity. We continue to own the stock due to Block’s long runway for growth, sustainable competitive advantages, and unique corporate culture.”

7. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 79

Next on our list of the best bitcoin stocks is Tesla, Inc. (NASDAQ:TSLA). It is involved in the creation, development, production, leasing, and distribution of electric vehicles, along with energy generation and storage systems across the United States, China, and different international markets. As of September 14, 2023, Tesla, Inc. (NASDAQ:TSLA) has invested in over 9,000 bitcoins, valued at approximately $259 million, as part of its corporate treasury holdings. This makes Tesla, Inc. (NASDAQ:TSLA) the third-largest public holder of bitcoin globally.

On September 11, Tesla, Inc. (NASDAQ:TSLA) experienced a boost, with its stock price climbing nearly 6% as Morgan Stanley (NYSE:MS) revised its 12-month price target on Tesla, Inc. (NASDAQ:TSLA) by 60%, raising it from $250 to $400.

According to Insider Monkey’s second quarter database, 79 hedge funds were bullish on Tesla, Inc. (NASDAQ:TSLA), in contrast to the previous quarter when 82 funds had invested in the stock.

Baron Partners Fund made the following comment about Tesla, Inc. (NASDAQ:TSLA) in its Q2 2023 investor letter:

Many factors contributed to the strong performance of our largest Disruptive Growth position, Tesla, Inc. (NASDAQ:TSLA), in the period. Investors’ concerns regarding Tesla in 2022 continue to dissipate, and the company’s business has continued to grow materially, although at below peak margins. Tesla’s deliveries in China are recovering. The company’s newest factory in Texas has ramped production and should contribute to improved domestic sales and margins. U.S. government policies have lowered the cost to own Tesla vehicles, while also reducing the company’s battery production expenses.

We continue to believe that Tesla is only scratching the surface of its potential. We regard announced partnerships between Tesla and its competitors in the quarter as important. In early June, Tesla agreed to provide Ford Motors access to Tesla’s electric vehicle (EV) charging technology and network. Other traditional and pure EV manufacturers, including General Motors, Rivian, and Volvo, quickly followed suit. We expect additional charging partnerships to ensue. In our view, these relationships validate Tesla’s charging technology and infrastructure as superior to other standards. Consolidation around a single technology should accelerate charging infrastructure deployment, diminish the risk of Tesla’s technology becoming obsolete, and lessen a key concern of hesitant EV purchasers. EV adoption is at a tipping point. And Tesla, with its approximately 60% domestic market share of EVs, should be the most important beneficiary of this shift…”

6. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 86

PayPal Holdings, Inc. (NASDAQ:PYPL) operates a technology platform that facilitates digital payments globally for both sellers and consumers. PayPal Holdings, Inc. (NASDAQ:PYPL) has also introduced Checkout with Crypto, which provides customers with a secure and convenient method to make payments using cryptocurrencies, including Bitcoin. On August 7, PayPal Holdings, Inc. (NASDAQ:PYPL) launched a stablecoin called PayPal USD, a digital currency backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. This stablecoin can be exchanged on a one-to-one basis for U.S. dollars and is issued by Paxos Trust Company.

According to Insider Monkey’s second quarter database, 86 hedge funds were bullish on PayPal Holdings, Inc. (NASDAQ:PYPL), compared to the preceding quarter when 103 funds had invested in the stock. John Overdeck and David Siegel’s Two Sigma Advisors held a significant position in the company, with 5.7 million shares worth $380.6 million.

In addition to Visa Inc. (NYSE:V), NVIDIA Corporation (NASDAQ:NVDA), and Amazon.com, Inc. (NASDAQ:AMZN), PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the best bitcoin stocks to buy.

RiverPark Large Growth Fund made the following comment about PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q2 2023 investor letter:

“PayPal Holdings, Inc. (NASDAQ:PYPL): PayPal shares were a top detractor in the quarter despite reporting better than anticipated 1Q earnings and raising guidance for the remainder of 2023. Revenue of $7 billion grew 9% year over year, an acceleration from the prior year and quarter. EPS of 1.17 grew 33% year over year on better cost discipline leading to better operating margins. The disappointment was centered around weaker gross margins, as unbranded checkout, which has lower gross margins, accelerated faster than branded checkout. Management anticipates this trend to continue and therefore is guided to lower gross margins for the remainder of the year. Despite the gross margin headwind, operating margins continue to expand due to expense discipline.

PayPal is the most accepted digital wallet – with almost triple the acceptance of Apple Pay, the number two digital wallet – providing the purest exposure to the secular growth in ecommerce-driven digital payments. PayPal is also a key beneficiary of consumer-to-consumer payment trends through its Venmo peer-to-peer (P2P) payment service. With a 1Q non-GAAP operating margin of 23%, PYPL also has significant margin expansion potential given that competitors Adyen, Visa and Mastercard have 50%-65% operating margins. We believe the combination of the secular growth of eCommerce and P2P payments, along with expanding operating leverage and the strategic use of the company’s significant and growing cash balance should fuel at least a high teens earnings growth rate over the next five years. This, to us, presents an excellent risk/reward given that PYPL trades at a below market multiple.”

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 112

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company based in California, operating through four segments – Data Center, Client, Gaming, and Embedded. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s technology enhances the speed and security of blockchain transactions by combining CPU and GPU capabilities. The company collaborates with existing partners to offer blockchain computing solutions for different applications and explores opportunities with new blockchain-based platforms. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best blockchain and bitcoin stocks to buy.

According to Insider Monkey’s second quarter database, 112 hedge funds were bullish on Advanced Micro Devices, Inc. (NASDAQ:AMD). Comparatively, 91 funds had invested in the stock in the previous quarter. Philippe Laffont’s Coatue Management held a significant position in the company, with 13.97 million shares valued at $1.6 billion.

Artisan Global Opportunities Fund made the following comment about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2023 investor letter:

“Among our top contributors were Advanced Micro Devices, Inc. (NASDAQ:AMD), NU Holdings and Netflix. AMD’s data center CPUs are used in the cloud service provider (CSP) servers. In addition to the broader secular tailwind from cloud adoption, the company has a performance and pricing advantage over Intel, which we believe will enable it to continue capturing market share. However, the recent stock price rally was due to growing excitement around the company’s AI exposure. It will launch its new MI300 graphics processing unit (GPU) chip later this year to compete against the dominant market leader NVIDIA. Similar to its approach that won market share from Intel within the CPU market, AMD’s product will aim to provide similar performance at a more attractive price. AMD is already working with Microsoft and Meta, while Amazon publicly stated that it is evaluating AMD’s inferencing chips. Using assumptions around the total GPU market size, potential market share gains and price points, our research indicates this could be a $20 billion opportunity for AMD. That would nearly double its revenue. While the company has not historically missed many deadlines, there is execution risk as it works to manufacture and distribute these complex chips at scale, which, combined with an elevated valuation after the stock’s strong performance run, led us to trim the position.”

4. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA), a prominent player in the crypto space, offers transaction processing and a range of payment-related services globally. Through its extensive global network, Mastercard Incorporated (NYSE:MA) is contributing to the accessibility and security of cryptocurrencies for a number of consumers, as well as businesses and governments. The company is actively developing essential capabilities to enhance the security, interoperability, and scalability of transactions within digital asset and blockchain ecosystems, ultimately aiming to facilitate more efficient payment and commerce applications.

On September 19, Mastercard Incorporated (NYSE:MA) declared a $0.57 per share quarterly dividend, in line with previous. The dividend is to be paid on November 9 to class A shareholders, and on October 9 to class B shareholders.

According to Insider Monkey’s second quarter database, 139 hedge funds were bullish on Mastercard Incorporated (NYSE:MA), compared to the last quarter when 138 funds had invested in the stock. Charles Akre’s Akre Capital Management held the largest position in the company, with 5.87 million shares worth $2.31 billion.

Baron FinTech Fund made the following comment about Mastercard Incorporated (NYSE:MA) in its second quarter 2023 investor letter:

“We modestly trimmed Visa Inc., Mastercard Incorporated (NYSE:MA), and Accenture plc to manage the position sizes and raise capital to fund purchases elsewhere. These stocks remain full-sized positions and high-conviction ideas in the Fund.

Another fintech industry trend we’re seeing is a pickup in M&A activity, most notably in the payments sector. The year started with Nuvei’s $1.3 billion acquisition of Paya announced in January. In April, Network International received an initial takeover offer from a group of private equity firms, which was then topped by Brookfield Asset Management whose $2.8 billion offer was accepted by the Board in June. Following reports earlier this year of a bidding war between Visa Inc. and Mastercard Incorporated to acquire cloud-based issuer processor and core banking software provider Pismo.”

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 171

Visa Inc. (NYSE:V) functions as a global payment technology firm. Its operations include VisaNet, a transaction processing network that facilitates the approval, processing, and settlement of payment transactions. Visa Inc. (NYSE:V), in collaboration with partners, created a financial platform that enables farmers to securely finance and sell their crop yields through blockchain technology. Visa Inc. (NYSE:V) has also introduced its own blockchain network, known as Visa B2B Connect, for cross-border payment processes. The company ranks high among the best blockchain and bitcoin stocks to buy.

On September 19, Visa Inc. (NYSE:V) announced a partnership with Swift, a financial industry messaging network for international transactions. As part of the collaboration, Visa Inc. (NYSE:V) plans to utilize Swift’s developed features to enhance the speed of cross-border fund transfers.

According to Insider Monkey’s second quarter database, 171 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 173 funds in the previous quarter. Chris Hohn’s TCI Fund Management is the largest position holder in the company, with approximately 17.8 million shares worth $4.2 billion.

Baron FinTech Fund made the following comment about Visa Inc. (NYSE:V) in its second quarter 2023 investor letter:

“We modestly trimmed Visa Inc. (NYSE:V), Mastercard Incorporated, and Accenture plc to manage the position sizes and raise capital to fund purchases elsewhere. These stocks remain full-sized positions and high-conviction ideas in the Fund.

Another fintech industry trend we’re seeing is a pickup in M&A activity, most notably in the payments sector. The year started with Nuvei’s $1.3 billion acquisition of Paya announced in January. In April, Network International received an initial takeover offer from a group of private equity firms, which was then topped by Brookfield Asset Management whose $2.8 billion offer was accepted by the Board in June. Following reports earlier this year of a bidding war between Visa Inc. and Mastercard Incorporated to acquire cloud-based issuer processor and core banking software provider Pismo, Visa announced its intention to acquire the Brazilian company for $1 billion in late June.”

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 175

NVIDIA Corporation (NASDAQ:NVDA) offers graphics, computing, and networking tools in the United States, Taiwan, China, and globally. The company’s Graphics Processing Units are widely used for cryptocurrency mining, making NVIDIA Corporation (NASDAQ:NVDA) one of the best bitcoin stocks to buy.

On September 25, UBS expressed confidence in NVIDIA Corporation (NASDAQ:NVDA)’s DGX cloud revenue, estimating it to be around $1 billion. Discussions with customers suggest that the company has potential to generate more than that. Analyst Timothy Arcuri, who holds a Buy rating and a $560 price target on NVIDIA Corporation (NASDAQ:NVDA), believes in the company’s ability to achieve annual revenue as high as $10 billion from this division.

According to Insider Monkey’s second quarter database, 175 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), up from 132 funds in the prior quarter. Rajiv Jain’s GQG Partners held a significant position in the company, with 13.94 million shares worth $5.9 billion.

Harding Loevner Global Equity Strategy made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2023 investor letter:

NVIDIA Corporation (NASDAQ:NVDA) has been the biggest beneficiary this year in terms of its stock run and projected revenue gains. More companies- including, perhaps, some not yet in existence-will certainly join the ranks over time.

In the meantime, NVIDIA has emerged as the unrivaled global leader in providing the technologies at the center of the Al arms race. NVIDIA’s competitive advantage is the result of investments that began two decades ago, when it recognized an early opportunity to repurpose its video-game graphics chips for the heavy-load computing done in scientific research. This led management to expand the GPU business. It also spent years and significant resources developing a free software platform that’s exclusive to its chips called CUDA that allows developers to easily program its GPUs for a variety of computationally intensive applications. Researchers then began using both NVIDIA’s chips and CUDA to train the human-brain-inspired neural networks that power Al models.

Now, due to an explosion of demand related to generative Al and LLMs from across its customer base, NVIDIA projects that data-center revenue for its fiscal second quarter ending in July will surge to US$11 billion. Not only is that more than double last quarter’s total, but the forecast also shattered the average analyst estimate that called for about US$7 billion. Taking advantage of the stock’s meteoric rise, we reduced our holding (it has risen tenfold since we first purchased in 2018)…”

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 278

Amazon.com, Inc. (NASDAQ:AMZN) is involved in the retail of consumer products and subscriptions, both online and in physical stores, across North America and different international markets. Its operations are organized into three segments – North America, International, and Amazon Web Services. Amazon.com, Inc. (NASDAQ:AMZN) has made notable investments in blockchain technology. The company has introduced its own blockchain service called Amazon Managed Blockchain. The Amazon Managed Blockchain is a fully managed service designed to assist individuals in creating strong Web3 applications on both public and private blockchain networks. It also offers quick and serverless access to multiple blockchain platforms. Amazon.com, Inc. (NASDAQ:AMZN) is one of the best blockchain and bitcoin stocks to buy now.

On September 21, Wells Fargo & Company (NYSE:WFC) identified Amazon.com, Inc. (NASDAQ:AMZN) as a top choice due to the favorable pricing of its shares. The firm maintained an Overweight rating on the stock along with a price target of $165.

According to Insider Monkey’s second quarter database, 278 hedge funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN). This number increased from the preceding quarter when 243 funds had invested in the stock. Harris Associates is a significant position holder in the company, with 15.62 million shares valued at $2.04 billion.

Diamond Hill Large Cap Strategy made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2023 investor letter:

“Among our top contributors were insurance company American International Group (AIG), auto retailer CarMax and global online retailer Amazon.com, Inc. (NASDAQ:AMZN).

Amazon’s management team has been working to improve retail profitability, and Q1 results showed progress. In the case of Amazon’s web services (AWS), the market has shifted its focus from where growth will bottom in the near term to how AI can help accelerate the adoption of public cloud services in the future. We believe Amazon’s competitive advantages will continue to grow and that the business has the potential to grow faster than the overall economy in the coming years.”

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Disclosure: None. 10 Best Bitcoin and Blockchain Stocks To Buy Now is originally published on Insider Monkey.