Even though the growth momentum that caused the stock to reach new heights has run out, the crypto hasn’t crashed yet, and it’s hovering above US$50,000.
But even if Bitcoin is winning in investor loyalty and stability, if we measure different cryptos by the mainstream “attention” they are getting, the “joke crypto” Dogecoin might have a slight edge over Bitcoin.
Now that the pandemic is finally being under control in Canada, people will try to reclaim as much normalcy as they can and might try and make up for the lost time.
The balance sheet of the company is a little unbalanced, but apart from that one chink in the armour, BRP is a great pick, especially for its capital growth.
The stock has reached new heights, and even though there is little doubt that there might still be a lot of growth in Shopify’s future, it will unlikely be anything like the magnificent, four-digit growth the company has displayed in the last few years.
Cryptocurrencies, whether you go with something as relatively credible as Bitcoin or a financial joke that has grown out of hand , all come with a higher level of volatility compared to even the most aggressive growth stocks.
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