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Bitcoin has surged in 2020, with its price climbing roughly 150% year to date. After many months of volatile trading, the cryptocurrency has climbed back to the range of $18,000 per coin — not far from the high of $19,738 per coin it hit at the end of 2017. With its price surging, bitcoin is generating tons of excitement again, but there could be even better investment opportunities in the technology sector.
We asked three Motley Fool contributors to profile a tech stock that they think will outperform bitcoin. Read on to see why they identified Impinj (NASDAQ:PI), Square (NYSE:SQ), Advanced Micro Devices (NASDAQ:AMD) as investments that could deliver big returns.
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Seeking huge returns? Trends are your friend
Keith Noonan (Impinj): I haven’t invested in bitcoin because I don’t understand it. I’ve researched it along with other cryptocurrencies, but I still don’t have a firm grasp on why prices should go up or down. I also have difficulty formulating why one open-source coin built on blockchain technology has a much better outlook than other coins, which seem to grow in number with each passing day.
However, I get that bitcoin has garnered support because bulls see it tapping …
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