Aug 01, · Billionaire investor Cameron Winklevoss draws comparisons between Bitcoin and Amazon. AFP via Getty Images Cameron Winklevoss, the co-founder of Gemini, believes not owning Bitcoin is a “worse. Tuur Demeester believes bitcoin prices could mimic the trajectory of Amazon stock. | Source: Twitter That said, most in the crypto industry don’t think we’re in a bear market at the moment. While bitcoin has plunged about 13% during the past four weeks, it’s still up dramatically since Jan. 1, when BTC . Find the latest Bitcoin USD (BTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing.
Amazon stock bitcoin5 Stocks to Buy That Could Become the Next Amazon | InvestorPlace
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Newsletter Signup. Technical Analysis. What originally was just an online bookseller now has its hands in everything from cloud computing to online media to groceries. Second, as a stock, Amazon has managed the feat of keeping a growth valuation for over two decades. The company has been assigned a substantial premium for over 20 years now. Thanks to a snapback rally from March lows, Square stock is back to being dearly expensive. After all, Amazon used books to expand into a broader e-commerce offering.
From there, music, video, the cloud and more followed. Square can execute a similar strategy with its payment business. The small business space is ripe for disruption , as our own Josh Enomoto has pointed out.
The valuation for SQ stock might appear to be a concern. But if, like AMZN, SQ stock can combine a high multiple with consistent, impressive expansion, it has the path to create substantial value for shareholders over the next five to 10 years.
In China, JD. Like Amazon and unlike Alibaba , JD. It, too, is expanding into brick-and-mortar grocery. In terms of e-commerce market share, JD. But JD. But none of the stocks on this list are going to be cheap. None should be. Given massive opportunities in e-commerce and beyond, JD stock at 30x forward earnings hardly seems out of line. The bull case for e-commerce provider Shopify is precisely that it is the next Amazon — with a twist. This is not just a small business play, as it was to begin with.
The launch of the Shopify Fulfillment Network is a shot across the bow at Amazon itself. International expansion adds another potential driver. Less than one-third of revenue came from outside the United States. Over its year history, Amazon has steadily acquired more and more consumer spend, thanks to both a growing online market and expanding reach.
At 45x revenue, SHOP stock is pricing in a good deal of that potential. But as Amazon itself shows, valuation is not a reason to sell a business with such a massive opportunity. Amazon got its start selling books online, which is not a great business. It might not seem that way. Roku has out-executed rivals, including Amazon to gain top market share.