The Only Cryptocurrency I'd Consider Buying
As we look back on 2017, it'll likely be remembered by investors as the year of the cryptocurrency.
Prior to the advent of virtual currencies, the stock market had been the undisputed king of consistent wealth creation, unless you were lucky enough to defy the odds and win the lottery. The 7% annual returns from the stock market, inclusive of dividend reinvestment, provided a rough doubling of your invested capital about once a decade.
But since the year began, we've witnessed the aggregate value of all cryptocurrencies rise from a market cap of $17.7 billion to $248 billion as of Nov. 22, 2017. That's about a 1,300% gain in less than 11 months. The stock market would take decades to match this type of return, and it's rightly put virtual currencies like bitcoin, Ethereum, bitcoin cash, Ripple, Dash, LiteCoin, and Monero -- to name a few -- on investors' radars.
Source: Fool.com
