The cryptocurrency world is on fire right now in a good way! Bitcoin is approaching $50,000 and it’s nearly cracked it a few times in the past week. Other cryptos are going through the roof percentagewise and making smart investors a lot of money.
As an investor, you likely wonder which is the best cryptocurrency to invest in now. This is a tough question for the uninitiated who know very little about this topic.
I’d like to help you by providing important insight into the various cryptocurrencies that you could potentially invest in. And even more important, I’ll remind you that the best way to invest in crypto is through a cryptocurrency IRA.
When all is said and done, many cryptocurrencies are popping up left and right. Which ones should you invest in? Which ones should you avoid?
I’ll focus this article on my favorite cryptocurrencies like Bitcoin to invest in. I try to avoid the negative whenever possible. So, if it isn’t on the list, then you should steer clear of it. Because it’s probably more of a gamble than anything else.
Sound good? Keep reading to discover the top altcoins for your cryptocurrency IRA.
I’ll dive into Ethereum first and save Bitcoin for the end.
What makes this digital currency so attractive?
Two things that include:
- The completely decentralized app that you can personalize to your liking called dApp
- Full access to the Ether blockchain for building purposes
Even more important…
I personally love Ethereum, but not because I’m some kind of clairvoyant cryptocurrency investment guru. I am not an all-seeing, all-knowing visionary by any stretch of the imagination.
But here’s what I do see: major institutions are pumping serious money into Ethereum.
How much money?
Well, as an example, their market cap has risen to $200 billion very recently. It was $160 billion just two weeks ago. And as recently as last September, the total market cap was only $40 billion.
Now these are huge amounts of money that should not scare you. In fact, you should feel safe knowing that Ethereum has risen five times higher than it was mere months ago.
This tells you that other major investors – meaning huge corporations and the traditional banking system – are pumping billions of dollars into this digital currency.
Guess what? Ether isn’t going away anytime soon. As a matter of fact, it belongs in your cryptocurrency IRA as soon as humanly possible. It’s only going to get better from here even if the price does temporarily pull back in the short-term.
Have you ever heard of Bitcoin Cash? Many newbie investors fail to realize that Bitcoin Cash split from Bitcoin in 2017.
Why did it happen?
A couple of big reasons were the driving forces behind the split. They include:
- Scalability – Bitcoin Cash is limited to 21 million digital coins, which is the same as Bitcoin. Some investors wanted the ability to use the Bitcoin protocol to create something different and potentially more visionary. Bitcoin Cash was the ultimate result.
- Block size increase – at this moment, the average Bitcoin block size is about 1 MB. The Bitcoin Cash block size is 8 MB, which is a huge difference. Many investors prefer the larger block size because it makes it easier to speed up the verification process. Other investors believe that the larger block size creates potential security issues for BCH.
While should you invest in Bitcoin Cash in your cryptocurrency IRA?
For starters, the value is on the move in a big way. As a matter of fact, the price has gone up by more than 100% since last September.
In the short-term, it’s certainly possible for Bitcoin Cash to lose some value along with other cryptocurrencies. They’ve been on a massive tear during the past six months. And they’re bound to cool off for some investors take profits.
That doesn’t mean the party’s over. Too many people jump ship the second the price starts going down. This would be an enormous mistake to make and I don’t want you to miss out on a bigger move.
Holding for the long-term is the intelligent way to invest. Too many major corporations and financial institutions are pumping billions of dollars into these digital currencies. They aren’t going away anytime soon.
Do you really think PayPal, Bank of New York Mellon, Tesla, and other major institutions would invest in potential failure? With this kind of attention, it’s already inevitable that cryptocurrencies like Bitcoin Cash are too big to fail.
Just enjoy the ride and capitalize on these incredible investments. And add them to your cryptocurrency IRA to take advantage of tax breaks and other significant benefits.
Litecoin, better known as LTC, is an exciting cryptocurrency to own right now.
A little history…
LTC is the second digital currency in existence. It came on the scene not too far after Bitcoin was first introduced.
But getting to the altcoin market early is only one reason why you’d benefit tremendously from investing in Litecoin.
The other reasons include:
- It’s easy to use
- The fees are incredibly low
- It costs less to use LTC than your average credit card
- The payment process takes place with lightning speed
And even better…
It has the necessary supply limitations in place that make supply and demand so powerful.
How limited is LTC?
Well, the overall supply is four times greater than BTC and BCH, which means the cutoff is 84 million coins.
Why is this important?
First off, 65 million coins were already successfully mined, so there aren’t too many left to discover.
This means investors are going to be clamoring to get their hands on LTC any way possible because the value is set to rise.
Are you prepared to take advantage of this scenario? If not, you should find a cryptocurrency IRA as soon as you can. And use your funds to invest in the top cryptocurrencies that I’m recommending to you today.
XRP is the next cryptocurrency that you better pay attention to.
It’s on the move and it doesn’t appear to be slowing down anytime soon.
As an example, just two weeks ago it was trading for 0.37 cents per coin. Today, it’s trading for 0.50 cents per coin. This is a huge percentage gain as you can see. And since it’s so inexpensive, you can invest heavily into Ripple and make big bucks very fast.
But in reality, this isn’t the reason why you’re here.
You need to forget about short-term thinking and consider investing for the long-term in a cryptocurrency IRA.
Ripple is worth billions of dollars in market cap. And financial institutions like Chase, HSBC, and Moneygram see its value. This is why they invested so heavily into this digital currency.
Are you willing to get left behind? Or are you ready to open a Bitcoin IRA to invest in profitable cryptocurrencies like a Ripple? And let’s not forget about the other great choices that I shared with you today.
No list of the best cryptocurrencies to invest in now would be complete without adding Bitcoin to the group.
Everyone has heard of Bitcoin at this point. The only people that don’t know about Bitcoin live in Third World countries without access to the Internet.
This cryptocurrency is the big daddy of them all. It’s the one that everybody wants to own because it has gone up in value tenfold in the past year. And I’m not kidding even a little bit.
When the market tanked in February and March 2020, Bitcoin was trading around $5000 per digital coin. Today, it’s very close to $50,000 per digital coin. That’s a tenfold increase in value and $BTC currently has a $900 billion market cap.
But why should you own it now?
- More people, companies, and financial institutions are adopting Bitcoin at an accelerating rate.
- The current financial climate creates an exciting value proposition for Bitcoin.
- Wall Street is investing heavily into cryptocurrencies and Bitcoin is the biggest recipient of investor funding.
- BTC hit an all-time high, crashed, and recovered at an even higher price point. This proves that Bitcoin is here to stay.
I don’t know about you, but I prefer to invest in a sure thing. And investing in Bitcoin is the closest thing to a sure thing that you’ll ever get.
The price can certainly go down temporarily in the short-term. This investment is very volatile. That’s why I want you to open a cryptocurrency IRA. And hold onto your investment for many years as it accumulates big-time wealth.
I hope you truly understand the value of cryptocurrencies. But even if you don’t get this investment in the least, just know that it isn’t going away. Bitcoin has nearly $1 trillion in market cap. Other cryptocurrencies aren’t far behind. This is a massive investment with huge financial backing.
Do me a favor and don’t miss out on this unique opportunity.
How should you get involved? I recommend opening a cryptocurrency IRA as soon as you can. Fund it with the maximum amount allowable and invest in cryptos like Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
You’ll be pleasantly surprised with your results over the long term. And you’ll have the opportunity to retire comfortably in style. Get moving before you miss the boat!