RATE Group | Forget Bitcoin! I believe this FTSE 100 growth stock could help you retire wealthy
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Forget Bitcoin! I believe this FTSE 100 growth stock could help you retire wealthy

23 Oct Forget Bitcoin! I believe this FTSE 100 growth stock could help you retire wealthy

Posted at 14:13h in Bitcoin News by

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The Bitcoin price has fallen by nearly 40% since peaking at more than £10,000 in July. What will happen next? To be honest, I’ve no idea. Although I admire the blockchain technology that lies behind this cryptocurrency, I don’t see a long-term future for Bitcoin itself.

These crypto-coins aren’t easily used for payment and aren’t recognised as a currency anywhere in the world. Bitcoin doesn’t have any asset backing either. So its value is completely speculative and based solely on the balance of supply and demand.

It all seems very risky to me. Call me old-fashioned, but I prefer to invest my cash into real businesses that generate cash profits and growth. So here I’m going to highlight two growth stocks I’d be happy to buy and hold until I retire.

A FTSE 100 newcomer

Hikma Pharmaceuticals (LSE: HIK) hasn’t been in the FTSE 100 for very long. But this £4.8bn company has a track record of growth. This suggests to me its place in the big-cap index should be quite safe.

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