The Bitcoin price breaks $10,000! I’d invest in this FTSE 100 growth stock instead

first_img Last week, we saw the Bitcoin price rise above $10,000. This marks a remarkable turnaround from the sell-off we saw in March. The price dipped below $5,000 as part of a global asset sell-off due to fears around the coronavirus. During the same period, we’ve also seen the FTSE 100 bounce back, with some exciting growth stocks outperforming the index. So which looks the more attractive to invest in now?Don’t be fooled by the Bitcoin priceAs quickly as the Bitcoin price can rally, it can also fall. This was highlighted last Tuesday when the price dropped around 6% in a few minutes. There seems to be no fundamental reason for this drop, other than being attributed to a bulk sale of coins. If the fall had coincided with comments from a government or central bank, or as a reaction to an economic data release, then I’d understand. Broadly, we can attribute some of the 100% returns since March to positive risk sentiment. But the rest leaves me scratching my head.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…From that point of view, I don’t like to invest in something that I can’t attribute moves to, so I will be staying away from Bitcoin despite the price rally. That doesn’t mean I don’t want to make double or triple digit returns though. Growth stocks within the FTSE 100 still offer great opportunities for investors to make high profits. As publicly listed companies, you can really get a feel for the inner workings of a company. This allows you to get a feel for share price moves a lot more.Profits available from growth stocksA good example of a growth stock is Halma (LSE: HLMA). The FTSE 100 firm manufactures life-saving products ranging from smoke alarms to key safety systems. It already has a worldwide presence via acquisitions that allow the firm to benefit from a diversified revenue stream. The share price is actually up this year, despite the overall FTSE 100 index being down. It’s up around 8%, despite seeing a 25% tumble in the March sell-off. In a recent trading update, profit for the year that ended in March was said to be on plan (around £265m).In my opinion, the firm will continue to perform strongly for the current financial year for two reasons. First, safety products are a need, not a want, for clients of Halma. Regulations mean that demand should remain resilient for the firm, despite the downtrend in economic activity globally.Second, Halma owns businesses that operate in the medical sector. One example is Cardios, which makes blood pressure monitors. Without trying to take advantage of the terrible pandemic we’re seeing, it’s logical to assume that Halma will see continuing demand as health spending remains a priority globally.Halma is just one example of a growth stock that I think could register double-digit share price returns this year. It should do this in a much more predictable and steady way than Bitcoin, which is why I’ll be sticking to stocks. The Bitcoin price breaks $10,000! I’d invest in this FTSE 100 growth stock instead Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith does not own shares in any firm mentioned. The Motley Fool UK has recommended Halma. 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. Enter Your Email Address See all posts by Jonathan Smithcenter_img Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Jonathan Smith | Monday, 8th June, 2020 | More on: HLMA last_img read more

DIGICEL Schools football, Region 6 leg

first_imgSkeldon High inflict 9-0 thrashing on CCSSBy Colin BynoeSKELDON High inflicted a crushing 9-0 defeat on Central Corentyne Secondary School (CCSS) as action in this year’s DIGICEL nationwide schools football championship resumed on Wednesday at Burnham Park.The championship took a two-week break, as coordinator of the championship Mr Peters rescheduled matches due to the inclement weather and other factors.Play in the lone encounter for the day brought together CCSS and a starting seven-man Skeldon High.The lads from Upper Corentyne went on a goal-scoring frenzy – goals coming at regular intervals. Early goals from Javon Angel in the 6th minute and Lester Reynolds in the 14th minute gave Skeldon High full control of the match from the beginning.It suddenly became a one-sided affair when two late goals came off the boot of Mark Matthews in the 20th minute and Oswald Gewan in the 36th to close off the first half. The score read 4-0 at the halfway stage in favour of Skeldon High.The final period was a riot as a nine-man Skeldon High hit home five more goals, three of which came from Steiner Peneus in the 38th, 44th and 60th minutes, which secured a lop-sided win to propel them to the other round.The championship resumes today at Burnham Park.Winifred Gaskin battle Corentyne Comprehensive High at 15:30hrs.last_img read more