Forget Bitcoin! These dividend growth stocks could surge in October

Bitcoin’s plunging again. As I type, it’s changing hands at around $8,200, extending the recent downturn that has taken the virtual currency to levels not seen since early June.

These fresh waves of weakness illustrate exactly why I consider Bitcoin to be a poor choice for investors. Since 24 September, the crypto asset fell 12% in the space of a day before it dribbled still further to current levels.

This sort of volatility makes it such a dangerous asset to buy into and, appropriately, is the very thing that is likely to cause the US Securities and Exchange Commission to continue holding off on approving a Bitcoin-backed ETF. This further delay could send prices sinking still further in October and thereafter.

Stock markets aren’t immune to wild price swings, of course, but broadly speaking, equities are far less volatile assets to park your cash in. While it’s possible that Bitcoin will continue sinking over the next month, I reckon the following dividend stocks could lift…