The Ultimate Cryptocurrency to Buy With $1,000
The term "ultimate cryptocurrency" can hold different meanings, depending on your investment goals, your risk tolerance, and how much you have to invest. But for me, the ultimate cryptocurrency is one that combines explosive upside potential with a certain degree of downside protection. I'm also looking for a cryptocurrency with growing mainstream acceptance on both Wall Street and Main Street, just to give me extra peace of mind.
No surprises here, but Bitcoin (CRYPTO: BTC) comes closest to meeting this definition of the ultimate cryptocurrency. If you are thinking about putting $1,000 to work in the crypto market, Bitcoin could be a good starting point. Here's why.
Let's cut to the chase here -- the ultimate cryptocurrency should be one with the potential to grow a relatively small investment into an extraordinarily large nest egg sometime within the next decade. And I can't think of a better cryptocurrency than Bitcoin to make that happen. While past performance is certainly no guarantee of future performance, it's hard to ignore Bitcoin's historical track record.
Source Fool.com
