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Bitcoin has also gotten investors’ attention this year as it has reached new record highs. But Bitcoin is also more volatile than many growth stocks. Looking at its price, Bitcoin peaked earlier this year at $63,229.04 in April, only to fall to $29,796.15 in July.
That’s a pretty significant drop. While the cryptocurrency managed to rebound and hit new highs, that kind of volatility is best suited for a side trading account, not your primary portfolio. If you’re looking for the potential for strong performance but with a reasonable amount of volatility, then high growth stocks such as ArcelorMittal (MT), Ovintiv Inc. (OVV), and ON Semiconductor Corporation (ON) are the way to go.
