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This dominant cryptocurrency’s market cap represents almost 60% of the entire industry’s value.
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Despite huge past gains, there is still significant long-term upside.
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10 stocks we like better than Bitcoin ›
The cryptocurrency market has gotten to such a size that it can no longer be ignored by investors. The entire industry is valued at $4.2 trillion (as of Oct. 8).
There are virtually an unlimited number of digital assets out there. Trying to choose where to park your hard-earned savings can seem like an impossible task. If this sounds like your current situation, the smartest idea is to keep things simple.
What is one of the best cryptocurrencies to buy now? It’s almost obvious where your money should go.
Investors should consider buying Bitcoin (CRYPTO: BTC). It was the first cryptocurrency, now about 17 years old. And it’s the most valuable, with a blockchain network worth $2.4 trillion.
Bitcoin has long dominated the digital asset market. And this isn’t likely to change any time soon. Its market cap represents almost 60% of the value of the entire crypto industry. From top financial institutions and politicians to the average person, it gets most of the attention, too.
The digital coin’s market cap of $2.4 trillion could one day reach and even exceed gold’s $27.3 trillion market value. Gold has the advantage of having been a primary store of value for thousands of years, and it’s something that controllers of large pools of capital are familiar with.
However, Bitcoin’s scarcity, portability, divisibility, and verifiability make it a superior asset.
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $654,835!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,159,218!*
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