Why worry about the Bitcoin price and Ethereum price, when you can buy shares of actual companies that make real money – like ARB Corporation Ltd (ASX: ARB) and TPG Telecom Ltd (ASX: TPM).
I for one am actively betting that quality ASX shares will produce a better return over the next five years than Bitcoin and Ethereum. My portfolio is invested in the Australian and international sharemarkets.
For example, I bought shares in Platinum Asset Management Limited (ASX: PTM), a company that makes money by charging a fee to invest other people's money. It's up 21% since May.
I also own Apple Inc shares. You've probably heard of the company – it's worth $985 billion (with a 'b'), and pays a dividend.
In fact, I bought shares in Apple last year for $111. They are now $150. That's a 35% return in a year, plus dividends. I think you'll agree that its future looks promising.
I've had (many) losers, too. For example, my Twitter Inc shares fell 14% overnight.
Still, that doesn't compare to Ethereum.
The price of this speculative unregulated currency is down 48% in six weeks (the market for Ethereum has 'split' in two). Still, Ethereum itself doesn't make any money.
No dividends.
Nudda.
At least Twitter made $500 million in revenue.
The price of Bitcoin has been extremely volatile, too.
Some people say it is because the beginning of August marks a crucial time when Bitcoin will be a crossroads. It will either go on to become the 'useful currency' that it sold to everyone to be (except the black market — they know what it really is). Or, it will stay in the realm of price speculation.
You see, Bitcoin 'might' split in two on August 1st. If it does it could improve its transaction effectiveness for some holders, enabling more transactions (globally) every second.
"The hard fork will result in two currencies, Bitcoin and Bitcoin cash. Holders of Bitcoin who also hold their private keys will automatically receive the new currency if and when the split happens. However, holders whose Bitcoins are held in online exchanges such as Coinbase, that do not allow access to private keys, will not receive the new currency. This is likely to lead to a major exodus of Bitcoin from these services in the short term." – The Inquirer's, John Leonard.
"One uncertainty is which currency miners will ultimately choose to support. Bitcoin cash will only succeed if enough miners choose to mine it."
Oh dear…
Meanwhile, ARB Corp, Australia's number-one bull bar maker will continue its expansion into Europe, the Middle East and the USA under the leadership of its founding family.
TPG Telecom, Australia's third-largest telecom, will continue to undercut its competitors, and expand into Australia and Singapore's mobile markets.
Sure, they might rise or fall over the next year or two. But at least they are real businesses earning real amounts of money with bright futures.
I know where I'm putting my money.
