2 Cryptocurrencies to Buy and Hold Forever
There are now believed to be more than 8,000 cryptocurrencies in existence since digital assets that trade on the distributed ledger blockchain technology have gained traction in recent years. With so many out there, it can be difficult to know which ones are legitimate. While more than a few are worthy, it shouldn't come as a surprise that the two cryptocurrencies we believe you should buy and hold forever are the two most popular: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Here's why.
Bram Berkowitz: Hearing that Bitcoin is here to stay is nothing new for those in the crypto world, but I'm not saying this for the reasons you might think. Yes, Bitcoin has the largest market cap by far of any cryptocurrency. Yes, it was the pioneer of blockchain and cryptocurrency, and yes, it has made a lot of investors very wealthy.
But the real reason I think Bitcoin is here to say is its international impact. Not only do an estimated 1.7 billion people in the world not have a bank account, but there are also lots of countries with extremely volatile currencies, where citizens don't really trust their governments due to corruption and instability. It's helpful to have access to something like Bitcoin that can be accessed without a bank account and through the internet, and that is linked to the U.S. dollar, the world's reserve currency.
Source Fool.com
