What’s the best cryptocurrency to invest in, long term? Why? You may be familiar with Bitcoin, the only cryptocurrency currently used. Although it’s not a digital asset, it is essentially money that can be traded from a private address. Due to its nature, you can use Bitcoin to do pretty much anything that can be done in a bank. It’s also fair to say that any investment in Bitcoin can be just as lucrative as buying some stocks, such as selling in some exotic hotel properties.
Yes, you can make a fortune trading Bitcoin. Whether you want to use the money to buy a new home or land, or even just an apartment in Tokyo, the interest rate is a winning one.
We’ve put together a short guide on how to profit from Bitcoin. So, without further ado, here are the top cryptocurrencies to invest in in, long term.
GOLD
If you need a reminder about how powerful gold is, here you go. Because of its weak resistance against inflation, gold can be used as a hedge against any future threats.
Therefore, even though oil and currencies are falling apart, it is likely that gold prices will continue to increase. In fact, the demand for bullion is expected to increase a couple of percent annually until 2040. And that’s a 0.4 percent increase in the short term. It is worth noting that this growth rate does not take into account future inflation pressure or long-term reductions in supply.
In 2020, the strongest estimates show a price of 1,205, giving our crypto player an opportunity to increase his investments by approximately 10 percent, maybe as much as 20 percent, depending on how Bitcoin develops over the next year.
Bundimundrica is a big player that has positioned itself as a major global gold price maker. It seeks to make the most of this trend by focusing on manufacturing of support mechanisms and educating the public.
KZKBTF is a good alternative cryptocurrency to keep in mind for the 2021 ETF launch. Its spot price is guaranteed by a rule of 50 rubles as long as the economy is functioning, which guarantees that it will not explode at the extreme during a global crisis. In addition, the payout will be between 0.20 and 0.30 per ruble, depending on the market volatility. It offers 1 GBB of reserves for a minimum price of 15 to 20 GBB.
Yamana is another cryptocurrency to consider if your money is always tied to rubles. YZIK gives the owner of 40 to 80% of profits from the payment transactions. It is a digital currency and it doesn’t have a central payment authority like, say, Bitcoin. It instead has a reverse payment system. YZIK is a good choice if you want to play a number of cryptocurrencies on the same token without setting aside money to buy them.
Mashreq is one major financial center in the UAE that’s entering the crypto market using a slightly different approach, but promising higher levels of access and regulation.
