The Best Cryptocurrency to Buy as Blockchain Heats Up
Defying fears of a market bubble, bitcoin and other leading cryptocurrencies will likely continue moving higher.At the turn of the decade, hardly anyone knew anything about cryptocurrencies, let alone the best cryptocurrency to invest in now. Aside from visiting obscure forums and chat rooms, the general public had few opportunities to learn about them. Even more startling, early proponents had no idea of the revolution digital tokens would spark, as evidenced by Laszlo Hanyecz’s first recorded crypto purchase: 10,000 Bitcoins for one pizza.
To commemorate that occasion, May 22 is known as “Bitcoin Pizza Day.” But rather than a mockery of an incredibly misfortunate soul, the milestone is observed to celebrate the blockchain revolution. The underlying architecture that drives virtual coins, the blockchain essentially automates the verification process in digital transactions. With this paradigm-shifting technology, people aren’t just looking for cryptocurrencies to buy; instead, they’re slowly waking up to its profound implications.
I recently laid out the case for $10,000 bitcoin and I’m still holding firm to my price target. First, highly-esteemed market analysts, such as our own Will Ashworth, view the lofty forecast as a probability, not a possibility. Second, cryptocurrencies finally caught the big banking cartel’s attention. While they’re hostile towards crypto investing, the fact that renowned bankers are thinking about the blockchain represents major progress.
But the biggest reason why I’m confident that all investors should consider cryptocurrencies to buy is the “inevitability” concept. Virtually every major industry evolved following digitalization advancements. The financial industry, though, is conspicuously archaic. Transactions can’t occur without third-party oversight — and big fees for their troubles. The stock market is still traded under a rigidly-defined schedule. Instead of open source, we get closed doors.
The rise of digital coins flips this anachronistic industry on its head. Here are seven cryptocurrencies to buy as the blockchain revolution heats up!