3 Top Cryptocurrencies to Buy Now and Hold Forever
Institutional investors represent big money in the financial world. With roughly $100 trillion in assets under management, their decisions to buy or sell an asset can have a significant impact on prices. And recently, those big money movers have taken an interest in cryptocurrency. In fact, 52% of institutional investors already own digital assets, and 71% plan to buy in the future, according to a study from Fidelity.
Similarly, decentralized finance (DeFi) is growing in popularity. By making it possible to borrow, lend, and earn interest without the help of banks, DeFi products make financial services cheaper, more efficient, and more accessible. Not surprisingly, that value proposition has translated into rapid adoption, with DeFi investments soaring more than 1,200% in the past year to $253 billion.
In light of those trends, it's reasonable to allocate a small percentage of your portfolio to cryptocurrency (maybe 5%). And while thousands of crypto assets exist, and dozens look like worthwhile investments, a few stand out from the pack. Here are three great examples.
Source Fool.com
