This may sound surprising, but time really does fly and Bitcoin was launched over 10 years ago. Since then, a wide range of other digital currencies have seemingly sprung up out of nowhere.
With so many options, it’s hard to choose which digital tokens are the best to buy for your cryptocurrency IRA.
Some cryptocurrencies are much more popular than others. Bitcoin, Ethereum, and Litecoin are great examples of the most popular choices right now.
Is that all?
Not even close. Just recently, Ripple (XRP) is on a tear. It was up 40% in one day and the price action is still moving favorably forward.
And that’s just scratching the surface.
Today, I’d like to guide you on your journey toward Bitcoin IRA investing. I’ll help you navigate these murky waters and assist you with discovering the best crypto options today.
Sound good? Well, the next time you ask yourself, “What is the best cryptocurrency to buy,” you’ll know the answer. You’ll use this guide to discover the top choices.
Bitcoin
It shouldn’t surprise anyone to learn that BTC is a big favorite amongst investors. In fact, many of the richest investors in the world are sinking billions of dollars into this digital currency.
What are you waiting for?
The anonymous person using the pseudonym Satoshi Nakamoto first developed this digital currency in 2011. Since then, it’s gone on to make investors multimillionaires many times over.
The price action on Bitcoin has been incredible over the past year.
Did you know that Bitcoin dropped below $5000 immediately after the pandemic? Yes, it traded below this level in March 2020.
Right now, it’s trading at roughly $35,000! That’s a humongous gain to say the least. You would’ve grown your money by seven times if you invested at that point.
Is the party over? Not by a long shot!
As I mentioned already, this is the big daddy of the digital currencies. The richest celebrities, investors, and countries in the world are sinking billions of dollars into Bitcoin.
It isn’t going away anytime soon. In fact, it’s only going to get stronger because of the healthy market, high liquidity, and intense demand.
Ethereum
Bitcoin is undoubtedly the king of popular cryptocurrencies. Investors love it and for good reason.
But Ether is definitely a close second. And it provides investors with interesting opportunities that you just don’t get with other forms of crypto.
They include:
- The ability to build your own personalized dApp (decentralized app)
- The opportunity to build on the Ether blockchain
This is really exciting news for those with the technical know-how and inclination to take advantage of this unique opportunity.
Originally founded in 2014, Ether is experiencing a massive rise in popularity. And it’s growing steadily and will continue to gain value and influence in 2021 and beyond.
Even more important…
Institutional investors and major funds are beginning to jump on the bandwagon.
In the beginning of last fall in September, the market capitalization of Ethereum jumped by a wide margin. It went from $40 billion to roughly $160 billion, which is an enormous gain.
It’s hard not to notice how popular and valuable Bitcoin has become. But many people overlook amazing cryptocurrencies like Ether.
Are you one of them? If so, you need to begin investing as part of your cryptocurrency IRA as soon as possible. This growth swing is only getting started and there is much more potential to capitalize on in the near future.
Learn about the top Bitcoin IRA companies doing business by clicking here.
Ripple
In the past few days, Ripple a.k.a. XRP has been on a serious tear. Although it hasn’t kept all of its gains, the digital token reached $0.73+ yesterday morning. But it has since sold off and is trading around $0.37 right now.
Guess what?
Ripple is beginning to recover and show signs of life since it sold off during the height of the pandemic. This presents an exciting opportunity for you as an investor.
Why?
This added interest means Ripple will probably grow in value very quickly now that investors are involved again.
After all, it is the third-largest cryptocurrency available today by market cap.
Even more interesting…
Users love this currency because transaction fees are dirt cheap. Plus, it’s very easy to quickly make transactions in the blink of an eye.
And guess what else?
Major financial institutions like Moneygram, HSBC, and J.P. Morgan Chase are big investors in Ripple.
Do you know what that means?
It means this currency is here to stay. It means it has financial backing from major companies. And it means it will ultimately grow in value for many years to come.
Will you ignore this opportunity staring you in the face? Or will you take strides to diversify your Bitcoin IRA by investing in potentially more lucrative opportunities?
Litecoin
LTC is the second cryptocurrency to ever exist, and it showed up immediately after Bitcoin. As far as altcoins go, this one is very similar to BTC.
But there are obvious differences.
As an example, the network is much easier and a whole lot cheaper to keep up. This means it’s a lot less resource intensive. This leads to fewer expenses and transaction fees.
Also similar to Bitcoin, LTC is only ever going to be available in a finite amount. In fact, the supply cut off is at 84 million Litecoins.
At this stage of the game, crypto miners have only uncovered 65 million of these coins. So, there are still many more to find over the next few years.
Some of the big benefits of LTC include:
- Lightning quick payments
- Fantastic usability
- Extremely low fees
- Less expensive than a credit card
And for Bitcoin IRA investors, this form of crypto is incredibly attractive.
Why?
The story is very similar to every cryptocurrency in existence today. The pandemic did a number on the value. It was as low as $46 heading into autumn, but things suddenly changed for the better since then.
As of right now, one Litecoin is currently worth $144. That’s more than triple the value in a few months.
I don’t know about you, but it certainly seems like a great time to begin investing in this altcoin. It’s only going to get better as time moves forward.
Bitcoin Cash
BCH was born because of the huge scalability debate that took place in the Bitcoin community in 2017.
Because of Bitcoin’s cutoff limitations, investors wanted an opportunity to create a new and different blockchain using the original protocol.
What was the main difference?
First off, they increased the block size. By increasing the size, the ledger was capable of handling more transactions.
This new and more innovative cryptocurrency is called Bitcoin Cash. And if you’re into on-chain scaling solutions, you’ll like this more than traditional Bitcoin.
Basically, this crypto was born because it split off from regular Bitcoin. And many cryptocurrency investors fell in love with it right away. It’s a great choice to add to your Bitcoin IRA.
And guess what else happened?
At a low point near the end of September 2020, Bitcoin Cash was only worth about $200. Today it’s trading for US$430. If you add it up, that’s more than a 100% gain in a matter of 4-5 months.
Is it a good investment?
If past history holds true, you can expect BCH to continue to rise in value for many years to come. It’s nearly impossible to predict the exact price, but it should rise significantly nonetheless.
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Other Interesting Altcoins for Your Bitcoin IRA
- Zcash – currently valued at $93 per coin with a $1 billion market cap. Customers can receive their Zcash from transparent or shielded addresses. This makes this cryptocurrency secure, private, and an attractive decentralized option.
- Tron – TRX is currently valued at $0.03 and it has a market cap of $2.36 billion. The low dollar amount is attractive to many value investors. You can buy lots of coins for three cents apiece. If the price takes off, you can become very wealthy relatively quickly if you own enough tokens.
- Cardano – ADA is valued at $0.41 and has a market cap of $13.25 billion. At the time of this writing, this crypto is up 11.05% today. And in the past three weeks, it’s gained about $0.20 in value, so it’s definitely on the move right now.
- Chainlink – LINK is currently valued at $23.25 and it has a market cap of $23.25 billion. It’s up 3 ½% today, and in the past month it’s risen from $12 to the current price. It nearly doubled its price in 30 days.
Bottom Line
Is Bitcoin the big daddy of cryptocurrencies? Absolutely!
Is it the only game in town? Far from it.
As you can see, there are so many wonderful cryptocurrencies to buy for your IRA account. Just look over this list again and consider the best options based on your wants and needs.
All in all, investing in a cryptocurrency IRA is a good thing right now. These digital tokens aren’t going away anytime soon. Too many huge corporations and billionaire investors have sunk tons of money into them for them to disappear.
Spend some time learning about them through a top-quality Bitcoin IRA broker. You can learn my favorite choices by reading my review of the top companies in business right now.
