Why Nvidia Might Be the Safest Way to Play Crypto

Nvidia (NASDAQ: NVDA) is the top provider of graphics-processing units (GPUs) used to mine proof-of-work cryptocurrencies. For example, Bitcoin's (CRYPTO: BTC) total coin supply is capped at 21 million -- and Nvidia will play a big role in mining the remaining tokens.As a growing number of Bitcoin tokens are mined, mining the remaining token supply becomes increasingly difficult. As a result, a greater load of computational power is required to complete the calculations needed to mine a new Bitcoin.In light of growing demand for this crypto and other proof-of-work cryptocurrencies, Nvidia could continue to see rising demand for mining-related processors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool