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Alternative Cryptocurrency Investments: AMD and NVDA - NEWSBTC 01/25/2018

378 views · Published 25 January 2018 · 1:56 · Indexed 28 October 2026

Channel: NEWSBTC · 2018 · People & Blogs

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It’s https://www.investdiva.com/ Kiana with NewsBTC and here is your cryptocurrency update. Two of our favorite tech stocks that have made us over 455% return in the past year, appear to be benefitting from the cryptocurrency market. I’m talking about AMD and NVDA. The reason for this is that cryptocurrency miners have to get their hands on high-end graphics processing units (GPUs) in order to mine efficiently. While the cryptocurrency market remains volatile, the price of GPUs continue to rise. However, we should take note that some of our favorite cryptocurrencies such as Ripple are not minable. So as the crypto-competition gets tighter, we could see investors turning into other means to get their hands on the digital assets. Investors should also keep an eye on government regulations on the market. For example, on Wednesday, South Korean Government announced it would impose stricter regulation on cryptocurrency trading. Keep in mind that they didn’t really talk about cryptocurrency mining, which brings us back to the importance of semiconductor providers such as AMD and NVDA. My point is, if you’re interested in getting involved in the blockchain industry but are too scared of the volatile cryptocurrency prices, there are still other ways to get involved. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

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