You might not believe it but while you were looking for the next big marijuana stocks, the cryptocurrency mining market saw its value hit $610.91 million in 2016 according to Coherent Market Insights. On top of this, it is expected to reach $ 38.38 billion by 2025.
But cryptocurrency mining is just one small slice of a much bigger pie that has attracted the likes of companies such as FedEx (FDX), IBM (IBM), Microsoft (MSFT) and even WalMart (WMT). With such great opportunities ahead, it shouldn’t come as a surprise that investors have their eyes peeled for the next company to take on a leading role for blockchain technology and its further development. Let’s also not forget that, similarly to the marijuana stock boom, many early investors have managed to realize immense gain opportunities during the “development” phase of the industry boom.
Blockchain/cryptocurrency industry segments could be offering a similar opportunity now. The main question is centered around which companies are in line with this growth?
What “They’re” Saying
“Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient,” Amit Zavery, senior vice president of Oracle Inc.’s (ORCL) cloud platform, said in a statement.
“Blockchain is one of the bright sectors in technology,” Roger Kay, president of Endpoint Technologies Associates Inc., told Bloomberg. “Since blockchain infrastructure is fairly beefy, there will be a large pool of revenue associated with sales of equipment, software, and related services for blockchain installations.”