The recent turndown in the crypto market has been jarring, to say the least. In a 24-hour period, the crypto market saw $367 billion in value wiped away. During that time period, Bitcoin (CRYPTO: BTC) fell by 15%, and Ethereum (CRYPTO: ETH) fell by 22%. It's not just the steep downward descent in prices that has crypto investors worried -- it's also the speed and velocity at which it occurred.

Despite their recent volatility, Bitcoin and Ethereum are the two cryptos that I still feel comfortable adding to a crypto portfolio in 2024. Both cryptocurrencies have been around for more than a decade, showing their serious staying power, and both have delivered unparalleled returns to investors over that time period. Let's take a closer look at what makes them special.

Bitcoin continues to be the gold standard for crypto investors. In fact, Bitcoin is often referred to as "digital gold" for its unique properties that resemble, to a certain degree, those of physical gold. Most importantly, Bitcoin has a limited lifetime supply of 21 million coins. Currently, there are nearly 20 million coins in circulation, so we're nearing a point where almost all the Bitcoin that will ever be created has already been created. That gives Bitcoin enormous scarcity, and that's why some crypto investors now hoard Bitcoin the same way other investors hoard gold.

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Source Fool.com