Bitcoin
Crypto Titans That Will Stay for a Decade: Bitcoin, Ethereum and Binance
If you’re bullish on crypto after Bitcoin’s (BTC-USD) recent surge in popularity, you might be wondering which cryptocurrencies are best to buy now for potential long-term gains. Which projects could be widely adopted in the next decade, leading to substantial returns?
Investing in crypto is quite different from investing in stocks. The first American stock exchange began in 1792, while Bitcoin only became publicly available in 2009. Therefore, the concept of investing in cryptocurrencies remains obscure to many people. Are you investing in Bitcoin because you believe it will become legal tender in the future, or are you simply looking to grow your money?
Regardless of your motivation, the best cryptocurrencies buy and hold over the next decade are the most legitimate – those that have already shown signs of adoption and integration into financial systems.
Bitcoin (BTC-USD)
Bitcoin is the cryptocurrency most likely to endure into the future. It has been around the longest, essentially started the industry, has the largest turnover and market capitalization and is the most widely accepted contest across the world. Some governments, like El Salvador, have even experimented with integrating it into their monetary systems. Furthermore, Bitcoin’s success has inspired an entire industry of Bitcoin mining companies, which operate computer farms to decrypt algorithms and promote circulation of the currency.
Investing in Bitcoin is different from investing in stocks. It’s not about the future value of a company, but about the adoption of a highly technical technology. Syncing the market with Bitcoin is unlikely to be successful. Instead, view the money invested as a long-term bet and try to buy when the price of Bitcoin is well below its all-time high – not like now.
Ethereum (ETH-USD)
If Bitcoin seems too expensive, Ethereum (ETH-USD) is a more moderately priced investment option. Dubbed “the world’s biggest altcoin,” Ethereum aims to offer a more ecosystem-based alternative to Bitcoin.
Long-term investors in ETH believe in the prospects of blockchain technology. ETH’s value proposition is not an alternative to fiat currency, but rather an open-source blockchain. Developers looking to advance blockchain technology earn ETH coins, which can increase in value over time.
ETH is also a major player in decentralized finance, aiming to bypass the traditional banking system and facilitate large-scale transactions directly between individuals via a blockchain. If you are optimistic about blockchains and decentralized finance, ETH could be a solid investment to hold for the next decade.
Binance (BNB-USD)
Binance (BNB-USD) is directly linked to the performance of the largest cryptocurrency exchange in the world. Investing in Binance for the next decade means believing in its value as an intermediary currency and having confidence in the longevity of the Binance exchange.
As the Binance exchange grows in popularity, BNB usage and trading frequency may increase, increasing its value and purchasing power. For investors, this means using BNB to store valuable cash or efficiently trading it for other cryptocurrencies on the Binance platform.
Ultimately, BNB’s high market capitalization is due to the overall popularity and trust that Binance has gained in the crypto community.
These three cryptocurrencies – Bitcoin, Ethereum and Binance – represent some of the best long-term investment options in the crypto space, with the potential for significant growth over the next decade.
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