Bitcoin’s market cap slumped from $229 billion on January 1, 2018, to $66.7 billion on December 29, 2018. Who, what, where, and why? Many questions arise on a weekly basis on the drastic change. Yet, few consider that there could be alternative ways of investing that reduce the stress of short-term losses. Read More
It is interesting that legendary investor and stock market expert Marc Faber has bought his first bitcoin. Marc, known for predicting the 1987 stock market crash believes Bitcoin at $3,000 looked better than rates of $20,000. A few generations down the street, the Winklevoss Twins believe Bitcoin will continue eating up bits of gold’s market capitalization. What does it mean for great investment minds to “dabble” with crypto in such ways? It could certainly mean a lot.
Figuring out where your assets will go when you die is daunting in nearly all cases. However, if you have cryptocurrency, you are facing a unique challenge. Digital assets aren’t as easy to manage upon death. This is partially because of their highly secure nature. The private keys associated with a digital wallet make it hard for heirs to gain access. Especially since there is no central authority that can provide or reset the key.
With a track record of successful investments, Warren Buffett has sealed his name in history as one of the greatest investors of all time. For this same reason, it baffles many that he is not a fan of cryptocurrencies. For many others, it confirms their views of what appears to be a delusion, staked in “invisible money.”
Bitcoin is the most recognized name in cryptocurrency. However, that doesn’t mean it is the best option for investors looking to get into the market. If you are considering putting money into cryptocurrencies, here are five alternatives to Bitcoin that are worth exploring.