One of the best performing S&P/ASX 200 Index (ASX: XJO) shares today is Brickworks Limited (ASX: BKW). Brickworks shares are, at the time of writing, up a healthy (and mathematically pleasing) 3.69% to $21.06 a share. That makes brickwork the second-best performing ASX 200 share on the market today, just behind QBE Insurance Group Ltd (ASX: QBE). It also puts the Brickworks share price within a whisker of the company’s 52-week (and all-time) high of $21.29.

So who is Brickworks? And why is the Brickworks share price climbing so decisively today?

Working bricks

Brickworks is one of the oldest businesses on the ASX. It was founded way back in 1934, and it has been an ASX-listed company since 1960.

As its name implies, Brickworks is a manufacturer of building materials. These include (naturally) bricks, as well as pavers, cement, roofing products and masonry. Some of its brands include AustralPrecast, Bowral Bricks, Terracade and UrbanStone. Its primary market for building materials is Australia. But it has also been expanding into the United States, particularly after its 2018 acquisition of the US company Glen-Gery.

However, building materials are not the only area Brickworks trades in. The company also has a moderate property portfolio. The properties Brickworks owns are usually rezoned from old industrial uses within the business and redeveloped into long-term assets. Brickworks tells us that it aims to be “creating a stable, growing annuity style income stream” in doing this.

Brickworks also has a substantial portfolio of ASX share investments too. This consists mostly of a large chunk of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares (representing 29.4% of the entire company). Soul Patts itself has a large portfolio of ASX shares of its own, which, rather perplexingly, consists of a large chunk of Brickworks shares as well. This is an arrangement that has been grandfathered as a result of a deal in the 1980s. But Soul Patts also owns a significant share of other ASX companies, including TPG Telecom Ltd (ASX: TPM) and New Hope Corporation Limited (ASX: NHC). Brickworks has exposure to a reasonable diverse ASX hiding as a result.

Why are Brickworks shares rising today?

Well, there’s no official reason why Brickworks’ shares should be rising today. There are no major news or announcements out of the company since 3 May. And that was just some routine paperwork.

However, back on 25 March, Brickworks delivered its half-year earnings report for the 6 months ending 31 January 2021. This was well-received by investors, who sent the Brickworks share price up more than 2.5% after its release. Although Brickworks reported a net underlying profit fall of 10%, it also reported a statutory net profit of $71 million, which was a 22% increase over the previous corresponding period.

Importantly, Brickworks also raised its dividend by 5% to 21 cents per share. Brickworks is a rather special ASX dividend company. It has managed to either hold steady or increase its dividend every year since 1976. That’s a pretty impressive 45-year streak. Incidentally, Soul Patts is the holder of the ASX’s best dividend growth record. It’s delivered an increasing dividend every year since 2000. Brickworks doesn’t quite match that, but it has inarguably looked after its shareholders in the income department all the same.

On the current Brickworks share price, this dividend is worth a trailing yield of 2.85%.

It’s probably a culmination of these factors that are getting investors hot under the collar for Brickworks shares today.

More reading

• Here’s how much ANZ’s (ASX:ANZ) dividend is worth now
• ASX 200 jumps 0.7%: ANZ half year results, Nearmap jumps
• Why Soul Patts (ASX:SOL) is such a strong ASX dividend share
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 rises, Flight Centre drops, Super Retail grows

Motley Fool contributor Sebastian Bowen owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Dicker Data Ltd (ASX: DDR) share price is slipping lower this afternoon after the wholesale distributor released its results for Q1 FY21.

At the time of writing, shares are swapping hands for $10.11, 0.69% lower for the day.

Hard to beat

Investors are putting some selling pressure on the computer hardware and software distributor today. The reason is likely related to the company’s decline in revenue compared to the same period last year.

Total revenue for the quarter slipped 3.5% to $447.7 million. Dicker Data quickly pointed out the high bar set by the March quarter last year. This was due to a surge in demand for computer-related products as work shifted to the home. 

Furthermore, revenues were hindered by the ongoing global chip shortage. This shortage inhibited vendors from supplying the necessary volume of stock to meet demand.

Global chip shortage hits Apple, BMW, Ford as crisis worsenshttps://t.co/JNKQ43eJhK pic.twitter.com/xSayc6kzxb

— Stuart Wallace (@StuartLWallace) April 29, 2021

https://platform.twitter.com/widgets.js

The constrained supply wasn’t all bad news for the company. Sustained demand meant Dicker Data could charge higher prices, aiding in an elevated gross profit margin of 10%. Consequently, profit before tax increased 5.7% to $19.4 million for the period.

Backlogs and dividends

Dicker Data expects global chip shortages to continue for the foreseeable future. Unfortunately for Aussies, the United States and Europe are receiving higher allocations than many countries across the Asia Pacific.

Although, the company stated it is leveraging its supply chain to meet current and growing market demand. As such, a large backlog of orders is expected to be fulfilled over the coming quarters.

In regard to dividends, the company has retained its current policy of paying quarterly dividends. The proposed rate for interim dividends for FY21 will be 9 cents per share fully franked — coming to 37.5 cents per share for the full year. That would mean an increase of 5.6% on FY20’s paid dividends.

Dicker Data share price outperforms

There is clearly a mix of headwinds and tailwinds ahead for Dicker Data. But looking to the past, the company managed to substantially outperform during the last year. 

While the S&P/ASX 200 Index (ASX: XJO) has bagged investors a tidy 31.5% return before dividends, Dicker Data has pulled 46.3%. 

More reading

• The Dicker Data (ASX:DDR) share price is eyeing a comeback in 2021

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Black Cat Syndicate Ltd (ASX: BC8) share price is slumping today after the company announced a successful share placement. Overall, it raised more than $20 million. At the time of writing, the Black Cat share price is trading 4.52% lower at 74 cents.

Black Cat is a goldfield project miner engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie.

Capital raising initiative

Black Cat’s capital-raising scheme wasn’t open to the public. Instead, the company raised its $20 million target via a placement to sophisticated and professional investors. 

It raised the $20 million (before costs), at a price of 67 cents per share. Black Cat stated the funds raised from the placement will be applied to extension and exploration drilling, mill equipment purchases, feasibility studies and other working capital projects.

The entire process was undertaken without the need for shareholder approval, including the issue of over two million additional shares.

The company is focusing on a “low-capex, rapid start-up” strategy for its Kalgoorlie East Gold Project. In March 2021, Black Cat acquired a 1.5 million-tonne-per-annum milling facility, including two ball mills and ~60% of the equipment required to run the facility, for $1.24 million.

Management comments

Black Cat managing director Gareth Solly welcomed the investment, saying:

We are delighted with the support for the Placement and welcome a number of highly credentialed Australian and offshore institutional investors to the register. On behalf of the Board I would also like to thank our existing shareholders for their ongoing support.

The Placement will allow the Company to progress its start-up strategy, targeting first production in the second half of 2022. In the June 2021 quarter, we will commence the removal and relocation of our 1.5Mtpa facility. In May 2021, we are anticipating announcing Resource upgrades from the Fingals Mining Centre. Furthermore, we look forward to updating investors with results from our extensive drilling programs and ongoing Resource extensions and upgrades.

Black Cat share price snapshot

Including today’s falls, the Black Cat share price is now down by more than 6% over the past week. The company’s shares are, however, up by almost 3% year to date and around 68% over the past year. 

More reading

• ASX stock of the day: Brickworks (ASX:BKW) shares top the ASX 200
• Dicker Data (ASX:DDR) share price uninspired by first quarter results
• Why Afterpay, ANZ, Domino’s, & Flight Centre shares are tumbling lower
• Great Boulder (ASX:GBR) share price goes bonkers again, up 50%
• Why the FINEOS (ASX:FCL) share price is edging lower today

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain on Wednesday. In afternoon trade, the benchmark index is up 0.6% to 7,112.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down almost 4% to $106.68. This appears to have been driven by weakness in the tech sector today following a selloff on Wall Street’s Nasdaq index overnight. It isn’t just Afterpay that is under pressure. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is down 1.5%.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The ANZ share price is down 2.5% to $28.15. This follows the release of the banking giant’s half year results this morning. For the six months ended 31 March, ANZ reported cash earnings from continuing operations of $2,990 million. This was up 28% on its second half of FY 2020. This allowed the bank to declare a fully franked interim dividend of 70 cents per share. However, it appears that some investors were expecting even more from the bank.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price has fallen 2% to $104.58. This decline appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has downgraded its shares to a neutral rating with a $108.50 price target. It notes that Domino’s has spoken cautiously about its outlook for the second half.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price has dropped a further 3.5% to $15.57. Investors have been selling the travel agent’s shares since the release of a third quarter update on Tuesday. The market appears disappointed that Flight Centre is expecting to post a second half loss in line with the one recorded in the first half. This morning analysts at Citi suggested that the company might not breakeven until FY 2023.

More reading

• The ASX 200 is within an arms reach of all-time record highs
• Here’s how much ANZ’s (ASX:ANZ) dividend is worth now
• ASX 200 jumps 0.7%: ANZ half year results, Nearmap jumps
• ASX 200 tech shares under pressure after Nasdaq selloff
• Is the Flight Centre (ASX:FLT) share price a buy after its Q3 update?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Great Boulder Resources Ltd (ASX: GBR) shares are on an extraordinary tear again today after the company announced that “exceptional gold grades” have been intersected at its Mulga Bill project. At the time of writing, the Great Boulder share price is trading a whopping 50.6% higher at 12.5 cents.

This follows yesterday’s rise of more than 80% for the company’s shares after separate gold intersection results were released to the market.

Great Boulder Resources is a relatively new Australian miner that’s focused on nickel, copper, cobalt and gold mining. Its current mining focus is on the lucrative Esperance Goldfields in Western Australia

Golden age

Today’s surge in the Great Boulder share price comes after the company reported initial results from reverse circulation (RC) drilling at its Mulga Bill prospect within the Side Well Gold Project in Western Australia.

The company says that RC drilling undertaken beneath a high-grade air-core (AC) drilling intersection in one drilling hole returned an “extremely high-grade zone” of six metres at 31.2g/t Au from 130 metres deep, including one metre of 136g/t Au from 132 metres deep.

The results from a four-metre composite AC intersection have been re-assayed and returned a more accurate result of three metres at 34.5g/t Au from 32 metres deep.  The updated result follows resampling in one-metre sample intervals.

Another RC hole the company drilled directly below the former intersected three metres of quartz veining with no significant gold assays. This intersection will be re-assayed to check for coarse gold. Meanwhile, a second RC hole drilled 50 metres to the north of this section intersected 14 metres at 2.62g/t Au from 88 metres deep, including four metres at 5.86g/t Au.

The remaining results from this 4,000m RC program are expected in the coming weeks.

Management comments

Great Boulder managing director Andrew Paterson was clearly excited by the company’s drilling results, saying:

These are stunning results. We were initially excited with the AC result in hole 022 because it’s associated with quartz veining high in the weathering profile. That immediately draws comparison to the Wilber Lode at Andy Well. Resampling that intersection has returned even higher grades. To hit 6 metres at over an ounce per tonne below this zone that is a sensational result.

Coming on the back of our recent success at Whiteheads, these exceptional results from Mulga Bill validate our approach and the solid technical work we’ve been doing for the past two years.

Great Boulder share price snapshot

The Great Boulder share price has now risen a ridiculous 145% in one week, 257% over the past month and almost 300% over the past 12 months. The company has a market capitalisation of around $23 million.

More reading

• Great Boulder (ASX:GBR) share price surges 80%. Here’s why

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The FINEOS Corporation Holdings PLC (ASX: FCL) share price is retreating today following the company’s acquisition announcement.

During early afternoon trade, the insurance software company’s shares are exchanging hands for $3.89, down 2.2%. In comparison, the All Ordinaries Index (ASX: XAO) is sitting at 7,364 points, up 0.6% for the day.

FINEOS moves to takeover Spraoi

Investors appear unfazed by the latest announcement by FINEOS, sending its shares lower for the day.

According to its release, FINEOS advised it has entered into a binding agreement with DigIn Technologies LLC (Spraoi) to acquire 100% of Spraoi’s issued securities.

Founded in 2017, Spraoi is a leading United States-based company that provides machine learning capabilities for the Employee Benefits and Life industry. The business has 8 clients and generated revenues of US$6 million in the last calendar year.

The transaction will involve an upfront cash payment of US$4 million, and an earnout of up to US$6.6 million over a 3-year period. This is provided that certain revenue targets are achieved within the timeframe. FINEOS will use its existing cash reserves to fund the deal, along with 700,000 share options issued to Spraoi. Once the acquisition is complete, FINEOS anticipates the Spraoi business to be earnings accretive after its first full year.

FINEOS highlighted that Spraoi’s products and services are a strategic addition to its current offering. The company foresees immediate opportunities arising through enhancing its machine learning platform capabilities, FINEOS Engage and FINEOS Insight.

Michael Kelly, CEO of FINEOS commented:

The North American employee benefits industry is undergoing tremendous change, which is continually accelerating due to the competitive and regulatory environment, as well as the constant advancement of technology capabilities.

…That combination makes Spraoi a natural addition to the FINEOS team as we continually improve the FINEOS Platform to meet the needs of our clients.

The deal is expected to be completed in the near future subject to customary closing conditions, with integration occurring over the next few months.

About the FINEOS share price

The last 12 months have been positive for FINEOS investors, with its shares posting a 27% increase. Year-to-date performance, however, is a little milder with a modest gain of 5%.

The FINEOS share price reached an all-time high of $5.75 in August 2020, before profit-taking led to its downfall.

Based on today’s current price, FINEOS commands a market capitalisation of around $1.1 billion, with roughly 301 million shares outstanding.

More reading

• Why the FINEOS (ASX:FCL) share price is climbing this morning

Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends FINEOS Holdings plc. The Motley Fool Australia has recommended FINEOS Holdings plc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Peel Mining Ltd (ASX: PEX) are creeping higher today after the company released its investor presentation for May 2021. 

The Peel Mining share price is up 2.98% at the time of writing, trading at 24 cents per share.

Peel Mining is an Australian company that explores and develops precious, base, and specialty metals resources in New South Wales.

Highlights from the investor presentation

Peel Mining’s latest investor presentation focused on one thing: copper. Peel is currently pivoting the brunt of its metals mining projects towards copper as the metal hits all-time highs on the commodity indexes. 

The company has interests in four main copper producing mines in the Cobar Basin and is currently drilling for a maiden high-grade copper resource at its Wirlong project.

Peel is also exploring its Mallee Bull mine for the metal, calling the central NSW region “one of [Australia’s] highest-grade undeveloped copper deposits”. The Mallee Bull mine is 100km south of Cobar on an 8,094-hectare pastoral lease owned by Peel.

The Australian miner will start drilling there at depths of approximately 60 metres and believes deposits may exist as deep as 800 metres.

The company is also touting the copper potential of highly prospective mines called Wagga and May Day, which also show anomalous potential for zinc and lead, among other minerals.

Background on Peel Mining

The company operates through three segments: it focuses on mineral exploration under its joint venture with CBH Resources at its Mallee Bull prospect, which it’s currently exploring for copper. It also has interests in mineral exploration under its farm-in agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), although this doesn’t provide the majority of its revenue.

It also has its Peel Segment, which includes all other mineral exploration within Australia and properties 100% owned by the company. The majority of the company’s revenue is generated from the Peel segment. Its projects include other parts of Mallee Bull, the Cobar Superbasin Project, and the Wagga Tank Project.

Peel Mining share price snapshot

The Peel Mining share price has had a significant upswing over the past 12 months, rising by more than 80%. But that momentum has slowed in 2021 and the company’s share price is down 18% so far this year.

More reading

• Why the FINEOS (ASX:FCL) share price is edging lower today
• Why the IOUPay (ASX:IOU) share price is racing 9% higher today
• Why the New World Resources (ASX: NWC) share price is tanking
• It’s not just Bitcoin (CRYPTO:BTC) driving ASX investor interest
• Ardent Leisure (ASX:ALG) share price slides on development plans

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The IOUPay Ltd (ASX: IOU) share price has been on form on Wednesday.

In afternoon trade, the Malaysia-based buy now pay later (BNPL) provider’s shares are up 9% to 41 cents.

Why is the IOUPay share price surging higher?

The IOUPay share price was given a boost today by the release of a positive announcement.

According to the release, the company has entered into a Bill Payment Service Agreement with RMS Reloads.

RMS Reloads has been established for over 10 years as one of South East Asia’s largest offline-to-online payment networks.

The company was initially established in Malaysia in 2010 as MOL Accessportal, but was renamed RMS Reloads after being acquired in April 2018 by Razer Inc.

What is the agreement?

The agreement is for three years and will see RMS Reloads provide (on a non-exclusive basis) a collection agency service.

This service will enable IOUpay customers to make BNPL instalment payments at any merchant across RMS Reloads’ extensive national merchant network of more than 10,000 physical points-of-presence in Malaysia stores.

Under the terms and conditions of the agreement, the collection agency service is provided by RMS Reloads to IOUpay in exchange for a standard low fixed percentage fee of the payment amount on a per transaction basis. The percentage has not been disclosed due to standard commercial-in-confidence reasons.

Management notes that the agreement adds material strategic value to the company’s payment collection operations, in-field distribution presence, and merchant and customer reach. This is due to RMS Reloads’ wide-reaching physical points-of-presence, which includes 2,500 7- Eleven stores, 1,900 99 Speedmart stores, and 518 KK MART stores.

Though, given that these are convenience stores, they’re not exactly the type of locations that BNPL customers typically use these services.

Nevertheless, management is very positive on the deal. And so is the market, judging by the IOUpay share price performance.

IOUpay’s CEO, Mr Khong Kok Loong, commented: “We are delighted to be working together with RMS Reloads and the Razer Pay Group. Providing our customers with 10,000 of Malaysia’s most popular store locations with over-the-counter services to make their BNPL payments is an important step in making our BNPL service offering even more accessible and convenient for our customers.”

“The RMS Reloads merchant network represents an infield distribution channel with some of Malaysia and SEA’s biggest shopping brands. The Razer Fintech Group is a natural fit with IOUpay which we look forward to building further,” he concluded.

Following today’s gain, the IOUPay share price is now up over 100% year to date.

More reading

• Why the IOUpay (ASX:IOU) share price is up 15% this week
• Is the Klarna / Flybuys partnership the future for ASX BNPL providers?
• Will a retreating Reddit army trample the IOUpay (ASX:IOU) share price?
• The IOUpay (ASX:IOU) share price is lifting today. Here’s why
• Why the IOUpay (ASX: IOU) share price tumbled 40% in March 

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The New World Resources (ASX: NWC) share price plunged in today’s trading session. This comes after the company has emerged from a trading halt. The sell-off follows a slew of announcements released by the company earlier today.

The New World share price last traded at 11 cents before entering a trading halt on Monday. Shares in the company are down 9.09%, trading at 10 cents each at the time of writing. Earlier today, shares hit an intra-day low of 9.9 cents.

Here’s what New World Resources announced and how it has influenced the company’s share price.

Capital raise announcement

Earlier this week, shares in New World were placed in a trading halt pending execution of a capital raising.

Shares in the company were reinstated today after New World announced firm commitments to raise $20 million via a share placement.  The two-tranche placement will involve the issue of 200 million new and fully-paid ordinary shares at 10 cents each. The issue price represents a 9.1% discount to New World’s last closing price of 11 cents per share.

The first tranche will see around 90 million shares issued in May 2021, with the second trance subject to shareholder approval.  

According to the company, funds raised will go towards accelerating the development of its Antler Copper Project. New World’s management noted that the placement will ensure that the company is fully funded to advance expansion drilling and feasibility studies.

More on New World Resources

New World Resources is an Australian company focused on the exploration and development of mineral resources. The company has numerous projects and assets in North America, with its flagship Antler Copper Project is based in Arizona.

In late April, the company announced that it had identified a significant exploration target near its Antler Project. According to New World, drilling confirmed that substantial thick and high-grade mineralisation remains unmined at the project.

As a result, the company believes that the Antler Project could have the highest-grade undeveloped copper deposits. In order to maintain focus on its promising Anther Project, New World has also proposed demerging its cobalt assets and projects into a separate listing.

The company currently has 100% interest in the Colson Cobalt-Copper Project in Idaho and the Goodsprings Copper-Cobalt Project in Nevada.

More reading

• It’s not just Bitcoin (CRYPTO:BTC) driving ASX investor interest
• Ardent Leisure (ASX:ALG) share price slides on development plans
• Why the Telstra (ASX:TLS) share price is at a new 52-week high
• Bank of Queensland (ASX:BOQ) share price outperforms the big four
• Here’s why the Nearmap (ASX:NEA) share price is in a trading halt

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bitcoin (CRYPTO: BTC) price is down 1.7% over the past 24 hours. One Bitcoin is currently worth US$54,852 (AU$71,236).

The world’s biggest crypto, with a market capitalisation of US$1.02 trillion, continues to display high volatility. According to data from CoinDesk, the Bitcoin price traded at a 24-hour low of US$52,987 and a 24-hour high of US$56,662, a range of almost 7%.

Though well down from mid-April’s all-time high of US$64,829, Bitcoin remains up 88% year to date.

59% of surveyed ASX traders bullish on cryptocurrencies

While the upward trending Bitcoin price continues to garner the majority of financial media headlines, ASX investors aren’t limiting themselves to a single cryptocurrency.

Global investment and trading platform TradingView surveyed 2,134 Australian traders from its user base in February. Participants were asked what types of investment assets they were looking for in the year ahead.

Cryptocurrencies came in at number 2, just below shares. Furthermore, 54% of experienced traders (with more than 5 years in the markets) listed cryptocurrencies among their top 3 investment interests, while 65% of newer traders (with 1–5 years of experience) were bullish on cryptos.

Commenting on the survey results, Glenn Leese, director of growth for Australia at TradingView said:

The popularity of cryptocurrency appears to be moving ahead of most traditional asset classes. This seems to be true of both new and experienced investors. In fact, crypto is more popular than any other asset class among those that have been trading for less than 5 years.

Beyond general awareness, there is a key difference between the current crypto rush/momentum and previous ones in that it is not led by mum and dad investors, but rather by more sophisticated investors, institutions and corporates.

It’s not just Bitcoin driving ASX investor interest

TradingView noted that Bitcoin is far from the only digital token attracting investor attention, with altcoins getting increased attention on its platform.

Bitcoin represented 20% of the total views among the top 30 cryptocurrencies and only 9% of all cryptocurrency views on TradingView.

After Bitcoin, Ether and Ripple were the most widely viewed cryptocurrencies on the TradingView platform.

More reading

• Are Coinbase (NASDAQ:COIN) shares worth a look?
• Warren Buffett hates Bitcoin. Here’s why
• How Tether is fuelling the Bitcoin price rally
• Some takeaways from Warren Buffett’s Berkshire Hathaway meeting
• ASX 200 Weekly Wrap: Shares have average week but a great month

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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