Cryptocurrencies have been under stress of late.
Bitcoin recently fell to a year-low of US$18,866 and is down nearly 61% from 2022’s high of US$48,234 set on 28 March.
When compared with its all-time high of US$68,000 in November last year, the world’s biggest cryptocurrency has plunged by more than 72%.
Meanwhile, retail crypto lending platform Celsius has hired consultants to advise on a potential bankruptcy filing, while Singapore-based crypto hedge fund Three Arrows Capital has gone into liquidation.
Investing in cryptocurrencies is not for the faint-hearted as the sector is largely unregulated and subject to significant risks.
Alternatively, you can park your money in stocks with strong brand names, great track records and good prospects to grow your portfolio over the long term.
Here are five US stocks that have delivered stellar returns and possess much lower risk than cryptocurrencies.
Domino’s Pizza (NYSE: DPZ)
Domino’s holds the pole position in the global quick-service restaurant (QSR) pizza industry and has 18,848 stores...