This pick isn't original, but the stats and near-perfect track record speak for itself. Bitcoin deserves your $1,000 the most for those with additional cash. Bitcoin's market cap is over half of crypto assets' worth. Due to its high value, most cryptocurrencies trade like Bitcoin. In other words, Bitcoin moves the market.
Other cryptocurrencies are heavily tied to Bitcoin and underperform it. Crypto expert Benjamin Cowen concluded that only 39 of the top 200 cryptocurrencies outpaced Bitcoin last year. If the analysis included longer-term data, this number would be considerably lower.
The sad truth is that altcoin investors risk more and rarely earn more than Bitcoin. Perhaps "If it ain't broke, don't fix it" best applies. Bitcoin is still the most reliable, effective, and performant crypto asset.
Undisputed decentralization and security leader Bitcoin is elegant because of its unmatched decentralization and security. It represents the ideal cryptocurrency. Bitcoin has no central authority. Bitcoin operates without control, unlike other cryptocurrencies with developers and founders.
Owning Bitcoin has little counterparty risk, which should reassure investors. It's sometimes overlooked, but investing in other cryptocurrencies represents a vote of confidence in the developers and founders who run its network, fix bugs, and sometimes change monetary policy. Nothing like that with Bitcoin. It is a decentralized network with no leader.
Its unrivaled security and performance establish its status as a cryptocurrency. Bitcoin has never been offline or compromised, unlike most blockchains. Over the past 15 years, Bitcoin has processed approximately 1 billion transactions, making this achievement even more amazing.
Bitcoin's leadership in a young financial revolution is the final point. Interestingly, just 15% of the world owns bitcoins. As adoption rates rise and blockchain technology and cryptocurrencies prove their supremacy over fiat currencies, their value is sure to rise. This upward trend benefits Bitcoin and the asset class as a whole.
Bitcoin is the most accessible cryptocurrency, giving it the ideal starting point for newbies to digital assets. It is not simply the ideal entrance point for normal investors like us, but it is also coming home to Wall Street and traditional banking. Proof: Bitcoin ETFs were approved recently. Add it all up, and Bitcoin's 21 million-coin supply will likely face increasing pressure in the next years and decades. If this happens, its price must rise to meet demand.
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