It’s been an exciting few days for Bitcoin investors. With news that the digital currency will soon begin trading on PayPal, prices have swept to 15-month highs above $13k.
The decision to embrace Bitcoin — and the rationale behind PayPal’s decision — echoes what long-term Bitcoin bulls have been saying for years. According to PayPal chief executive Dan Schulman: “The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.”
It’s hoped that the championing of Bitcoin by one of America’s tech giants will prove a significant step in the mass adoption of crypto assets. But, as I explained recently, I’m yet to be convinced to invest in digital currencies myself. They still carry too much risk in my opinion. This is why I prefer to invest in UK shares in my Stocks and Shares ISA instead.
Better buys than Bitcoin
I don’t think that investors need to buy Bitcoin to try and ride a potentially-explosive investing trend. There are stacks of top-quality UK shares that promise to deliver stunning investor returns over the next decade. So why take a risk with cryptocurrencies? Here’s a few top growth stocks on my own ISA watchlist:
- I’m confident that Royal Mail can generate spectacular profits growth as the e-commerce market continues to swell. Britain’s oldest courier hasn’t had the best of it recently due to collapsing letters volumes and huge restructuring costs. However, the future remains bright as parcels traffic gets stronger and stronger. Latest financials showed Royal Mail shifted 177m more parcels between April and August versus the same 2019 period. And the business is launching new initiatives like home parcel collection to maximise this opportunity.
- A rise in personal hygiene and environmental cleanliness during the pandemic bodes well for Reckitt Benckiser. Surging demand for fast-moving consumer products in these areas isn’t likely to prove a flash in the pan. Procter & Gamble chief financial officer Jon Moeller commented in recent days that “there is some stickiness to new habits that are being formed and new awareness that’s being raised.” It followed news that sales of its own cleaning products continue to fly. And it’s a trend that Reckitt Benckiser, through its brands like Dettol and Lysol disinfectants and Harpic bleach is well placed to ride too.
- I believe Beyond Meat is another better way to get rich in the 2020s than by investing in Bitcoin. A cursory look around your local supermarket will reveal how popular meat-free products have become with modern consumers. And banking giant ING reckons there is much more to come. It says that the plant-based alternatives food segment in Britain and the European Union alone will be worth €7.5bn by 2025. This compares with €7.4bn last year.
Savvy investors like you won’t want to miss out on this timely opportunity…
Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business (yes, despite the pandemic!).
Not only does this company enjoy a dominant market-leading position…
But its capital-light, highly scalable business model has previously helped it deliver consistently high sales, astounding near-70% margins, and rising shareholder returns … in fact, in 2019 it returned a whopping £150m+ to shareholders in dividends and buybacks!
And here’s the really exciting part…
While COVID-19 may have thrown the company a curveball, management have acted swiftly to ensure this business is as well placed as it can be to ride out the current period of uncertainty… in fact, our analyst believes it should come roaring back to life, just as soon as normal economic activity resumes.
That’s why we think now could be the perfect time for you to start building your own stake in this exceptional business – especially given the shares look to be trading on a fairly undemanding valuation for the year to March 2021.
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Beyond Meat, Inc. and PayPal Holdings and recommends the following options: long January 2022 $75 calls on PayPal Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
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