Business & Investment

Avoid high-risk assets in 2022: buy one tech stock instead of Bitcoin

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The extreme volatility tags of the world’s most popular cryptocurrencies will not disappear unless the price volatility stops. Bitcoin (BTC) fell 15% on December 6, 2021 to US $ 48,612.22. Prices are also 28% lower than the peak of US $ 67,566.83 on November 8, 2021. ..

Bitcoin and crypto market transactions have generally been turbulent lately. If you have BTC and lose 17% overnight, you’re in trouble. Although the fear of a crash is increasing, no one can give a definitive reason for the weekend plunge.

On the other hand, in the last five trading sessions, TSX Technology sector It also retreated (-5.77%). However, investors have increased by 15.78% to date.If you are looking for a low risk asset that you can offer Higher return 2022, BlackBerry (TSX: BB)(NYSE: BB) It’s a better choice than BTC.

Long-term long-term growth trend

BlackBerry has made a small amount of revenue over the last five years (13.92%), but this year it is doing very well with an increase of 35.78%. A $ 6.49 billion provider of intelligent security software and services should benefit in the long run. Growth trend Cybersecurity and the Internet of Things (IoT)

Total revenue for the second quarter of 2022 (ending August 31, 2022) was $ 175 million, exceeding the consensus estimate. John Chen, Executive Chairman and CEO of BlackBerry, said: The Cyber ​​Security Business Unit has achieved solid sequential billing and revenue growth. “

“The IoT business unit was doing well in the face of global chip shortage pressure,” Chen added. He quoted the very strong design activities of QNX products in the IoT business segment. The cybersecurity segment has undergone strong third-party validation due to the effectiveness of BlackBerry’s AI-led preventive priority product suite. According to Chen, it also shows the progress of recent product launches.

Recent Awards and Partnerships

On November 23, 2021, management announced that SE Labs rated BlackBerry as the best new endpoint security product for 2021. AAA, a privately owned, independent execution testing company that evaluates security products and services rated BlackBerry’s Protect (EPP) and Optics (EDR), the highest rating.

Billy Ho, Executive Vice President of BlackBerry Spark Group Products, said: “Recognized as the best new endpoint solution reflects the work done by the development and engineering teams.” STraffic, Korea’s leading solution developer for transportation infrastructure systems, said train traffic management. We chose BlackBerry’s QNX OS for Safety as the basis for our system.

The list of awards, partnerships and new product launches is long. However, BlackBerry’s main concern is to combat the growing threat of cyberattacks.

Market opportunity

“BlackBerry’s AI-driven preventive priority technology is well-suited to extend to meet the ever-evolving cybersecurity needs of companies around the world,” said John Jamateo, new president of the Cybersecurity Business Unit. “.

Grand View Research predicts that the cybersecurity industry will grow at a compound annual growth rate of 10.9% through 2028. The scale could grow from about $ 179.96 billion in 2021 to $ 372.04 billion. BlackBerry can take advantage of the vast addressable cybersecurity market and growing market opportunities.

Foundations and growth catalysts

Unlike Bitcoin, BlackBerry has fundamentals and growth catalysts, so investors have the foundation to make sound investment decisions.

Avoid high-risk assets in 2022: buy one tech stock instead of Bitcoin

https://www.fool.ca/2021/12/09/avoid-high-risk-assets-in-2022-buy-1-tech-stock-instead-of-bitcoin/ Avoid high-risk assets in 2022: buy one tech stock instead of Bitcoin

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