My Top 3 Cryptocurrencies to Buy in May
Against the backdrop of the domestic banking crisis and the potential for a U.S. debt default, some investors are now exploring crypto as a potential safe haven asset to weather the economic storm. Such thinking would have been unimaginable just six months ago, when the common consensus was that "crypto winter" would extend into much of 2023.
But are any cryptos really safe to buy right now? And, if so, which ones should investors be thinking about adding to their portfolios this month?
First up is Bitcoin (CRYPTO: BTC), which is regaining its status as "digital gold" in the minds of many investors due to all the uncertainty in the market today. The correlation between Bitcoin and gold has been surging in recent months, and the growing consensus is that Bitcoin is probably the safest crypto to invest in right now. Of course, "safest" is a relative term, because we all know how risky and volatile Bitcoin can be. Last year, for example, the value of Bitcoin plummeted by nearly 65%.
Source Fool.com
