Since last year's cryptocurrency crash, blockchain isn't getting nearly as much attention from investors.
But make no mistake. Blockchain is now a billion-dollar industry, and it's on the cusp of a massive expansion. And now that many of the pretenders have been killed off, it's time for the real-deal blockchain stocks to shine.
We've got a pick in this space that might surprise you. That's because it has a reputation as a tech dinosaur that's been eclipsed by the more sprightly "FANG" stocks.
It's a classic turnaround story. This tech company has invested heavily in blockchain over the last few years and has positioned itself as a leader in this new industry. As a result, its financials have turned sharply positive.
There's plenty more growth to come, too. According to MarketsandMarkets, the blockchain market is ready to explode from $1.2 billion in 2018 to $23 billion by 2023.
That's a 1,817% rise in five years. And this pick stands to capture a dominant share of that growth.
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Before we go any further, let's make it clear that we're not talking about one of any number of companies that have used blockchain as a gimmick to generate hype for their brands.
The most notorious of those is Long Blockchain Corp. (OTCMKTS: LBCC), which changed its name from Long Island Iced Tea Corp. at the height of the crypto craze. It briefly enjoyed a huge rise in share price and promptly crashed back down to earth.
Our pick today, in contrast, has built a robust blockchain division.
It delivers valuable services to multiple industries around the world. Blockchain's lightning-fast ledger system can ensure food safety, streamline supply chains, track data on mobile phone networks, and even help national governments access technology more efficiently – to name just a few applications.
No wonder the blockchain market is about to surge in value.
On top of that, our pick today just got a top score from our Money Morning Stock VQScore™ system.
By at least one metric, this pick is set for a 140% gain.
In other words, this sleeping giant is about to wake up in a big way…
After More than a Century of Innovation, This Tech Giant Is Entering a New Growth Phase
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.