7 of the Best Blockchain Stocks to Buy in 2020

Fibo Quantum

Michael Venuto, chief investment officer with Toroso Investments, which manages the investment strategy and portfolio selection for the Amplify Transformational Data Sharing ETF ( BLOK), says Galaxy Digital is one of Toroso’s favorite ways to get exposure to the blockchain universe. A digital asset, cryptocurrency and blockchain technology sector company, Galaxy Digital is involved in asset management, venture capital investments, trading and investment banking. “We find it to be one of the best pure plays,” Venuto says, who thinks the company is undervalued. Because it trades in Canada, the company has less institutional money pushing its stock price up. Also, the assets it owns through its venture capital arm are hard to value, leaving investors to focus on other parts of its business. Those venture capital investments could be worth more in coming years, he adds.