Cryptocurrencies are all the rage these days, especially as traders see stories circulating about people making tremendous profits from the tokens. The Winklevoss twins, famous for their involvement in Facebook , made $3 billion each by investing in Bitcoin ( CRYPTO:BTC ). Michael Saylor and Matthew Rosak, two other early investors in the cryptocurrency, made $2.3 billion and $1.5 billion, respectively. Tales like that make it hard to resist the urge to invest a little money in the trend.

Now, on the one hand, most people don’t fill their retirement portfolios with highly volatile investments unless they’re both ambitious and have a long time to ride out the crazy swings. On the other hand, even investors in their senior years need to have some exposure to growth assets, and cryptocurrencies have lots of potential to deliver big gains.

To that end, we asked three Motley Fool contributors to share one investment each in the cryptocurrency space that they’d be willing to add to their retirement portfolios. Their picks: Coinbase Global ( NASDAQ:COIN ), Hut 8 Mining ( NASDAQ:HUT ), and the Siren Nasdaq NexGen Economy ETF ( NASDAQ:BLCN ). Image source: Getty Images. Buy a broker

Eric Volkman (Coinbase Global): One efficient way to play the cryptocurrency trend is by purchasing stock in a company that earns transaction fees from trades of all the major tokens. Say hello to Coinbase Global, operator of one of the most prominent cryptocurrency exchange platforms in the world.

Coinbase’s results have been rising along with cryptocurrencies’ popularity. Fueled almost entirely by trading revenue, its top line has ballooned from $178 million in Q2 2020 to nearly $500 million in Q4, and then to $2.03 billion in Q2 2021. Its tally of monthly transacting users also rose dramatically across that stretch, from 1.5 million to 8.8 million.

And like other middleman securities-exchange businesses — which take on little investment risk of their own, if any — Coinbase has been highly profitable. It keeps posting impressive bottom-line results, and its net margin continues to rise. It earned net income of over $1.6 billion for Q2, its most recently reported period.

Granted, cryptocurrencies are the scorching-hot asset in finance these days, so much of this growth is trend-driven. Additionally, Coinbase remains first and foremost a broker. Since nearly all of its revenue derives from fees, it is heavily dependent on trading volume.

But it’s early days for cryptocurrencies and blockchains, and the coming years will bring still more new products and services. Already, Coinbase is looking to capitalize on next-generation offerings related to such assets: It’s launching an NFT service called, not all that creatively, Coinbase NFT.

The company describes it as “a peer-to-peer marketplace that will make minting, purchasing, showcasing, and discovering NFTs easier than ever.” As such activities aren’t necessarily convenient or easy yet, this is sure to attract customers eager to push into that mushrooming aspect of blockchain technology.

In hunting for new ways to earn coin from Bitcoin and the like, the company is forging important partnerships with top-of-the-line businesses. Earlier this month, it announced that it’s partnering with Facebook to provide custodial services for the social media behemoth’s Novi digital wallet , which is currently in its pilot phase.

Coinbase clearly has a future, but some investors and analysts are wary about the stock. The average analyst forecast is for dips in both revenue and profitability in 2022; many clearly believe the temperature will drop in the currently hot market for cryptocurrencies. This view has helped keep Coinbase’s stock price down from the level of its initial public offering earlier this year.

But savvy investors pounce when sentiment is low. We can expect that cryptocurrencies and blockchains will become increasingly vital parts of the world’s financial fabric. As they do, this company will benefit handsomely… and likely for a very long time. Image source: Getty Images. An environmentally conscious miner

Barbara Eisner Bayer (Hut 8 Mining): About eight years ago, I was visiting a 20-something friend who was gushing about Bitcoin and the future of cryptocurrency. He said now was the time to buy and insisted it was going to be the next big thing. I walked away from that conversation rolling my eyes, laughing at his naivete, and believing that this was going to be the next Tulip Mania . I couldn’t wait until the day I’d be able to say, “I told you so!”

Fast-forward to today, and guess who’s laughing now? In October 2013, one Bitcoin was valued at $196.02; as of Oct. 27, 2021, one Bitcoin was selling […]

source Best Cryptocurrency Stocks for a Retirement Portfolio: 3 Experts Pick Their Faves

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