Forget Dogecoin, Buy This Tech Stock Instead
Dogecoin (CRYPTO: DOGE) was created as a joke, taking its name from a meme made popular in 2013. The meme in question featured a shiba inu (dog) paired with various humorous captions. Despite this whimsical origin story, Dogecoin has surged almost 500% in the last month. But even well-established cryptocurrencies like Bitcoin are very risky investments, and if anything, Dogecoin looks even riskier.
Rather than gamble on this cryptocurrency, investors looking for a high-risk, high-reward opportunity should consider buying Roku (NASDAQ: ROKU). Unlike Dogecoin, this tech company's value is backed by more than speculation. Here's what investors should know.
The U.S. Securities and Exchange Commission (SEC) divides assets into many classes. The most common three are stocks, bonds, and cash, but others like real estate and commodities exist as well. One of the biggest problems with Dogecoin (and other cryptocurrencies) is trying to define them based on these traditional asset classes. That matters, because it will determine how cryptocurrencies are regulated in the long run.
Source Fool.com
