first_imgSimply click below to discover how you can take advantage of this. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended PayPal Holdings and Tesla and recommends the following options: long January 2022 $75 calls on PayPal Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Royston Wild | Saturday, 6th March, 2021 | More on: ARB “This Stock Could Be Like Buying Amazon in 1997” The Argo Blockchain (LSE: ARB) share price is probably the UK stock market story of the past 12 months. February’s record closing highs above 280p per share meant that the company had risen almost 4,200% over the space of a year. Name me another British share that has enjoyed such an eye-popping ascent in recent times.Naturally Argo’s rise has been underpinned by the staggering rise of cryptocurrency values since the Covid-19 crisis began. Take Bitcoin, up almost 500% during the last 12 months. So naturally, investors have sought to grab a slice of large-scale crypto miner Argo Blockchain too. For those unfamiliar with virtual currencies, prices have risen for a variety of reasons.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The rise of the digital economy has increased bets that electronic currencies could be the future of global commerce. Quantitative easing and central bank rate-cutting during the pandemic have undermined the perceived value of traditional paper currencies too. And the decision of some big corporate beasts like Paypal and Tesla to accept payment in cryptocurrencies like Bitcoin has given the legitimacy of these new-age assets a shot in the arm in the eyes of many.Bitcoin volatilityNo one can claim that Argo Blockchain’s share price performance of late hasn’t been staggering. It has made a lot of UK share investors very rich in the process, too. But I for one won’t be jumping on board the Argo train any time soon.Bitcoin’s price has proven to be highly volatile and unpredictable. Let’s look at this over the past month. From fresh record peaks around $58,180 struck in late February the digital currency has lost 20% of its value. That’s down a fifth in less than a fortnight. And this has had a severe effect in dragging Argo Blockchain’s share price lower too.Just like commodities stocks, the underlying price of the asset — in this case cryptocurrencies — ultimately underpins profits at Argo Blockchain. However, my concern over cryptocurrency volatility isn’t the only reason I’ll be staying away from the crypto miner.What I’m doing with Argo Blockchain sharesThe business of crypto mining is hugely costly. The machines that Argo Blockchain uses to mine coins are massively expensive and they need to be replaced at regular intervals. The business of producing digital currencies is also massively energy intensive and power bills are stratospheric. That’s not much of a problem today following recent price spikes for Bitcoin et al. But remember that prices are highly volatile and a fresh crash could put profits at Argo and its peers under significant pressure.There are natural development risks associated with its plans to build new mining facilities. Any problems with sourcing new fleets of mining machines to fill these spaces could have an obvious and significant impact upon revenues too. All in all I’d rather invest my hard-earned cash in less-risky UK shares today. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Why I’d ignore the Argo Blockchain share price and buy other UK shares See all posts by Royston Wildlast_img read more