Investing in cryptocurrency has become increasingly common among both individual and institutional investors. This is largely due to two main factors: investors who play the crypto market correctly can see enormous returns on investment; and it has become much easier to purchase cryptocurrency in recent years.
For almost the entire first decade after the launch of Bitcoin in 2009, it took more than a bit of tech-savvy to purchase, store, and use all types of cryptocurrency. However, now anyone with internet access can easily invest in many of the top cryptocurrencies using common investing apps (more on that later).
Cryptocurrency investment has proven to be very lucrative for some investors, and many believe there are still plenty of fortunes to be made. For instance, Bitcoin was practically worthless when people started trading it (about $0.0008 per coin). It took the coin a few years to even reach $0.08!
Yet, at times Bitcoin has since soared well above the $40,000 mark, allowing early or timely investors to see massive ROI. It certainly isn’t too late to jump on the Bitcoin bandwagon, with at least one Bitcoin price prediction for 2025 as high as $1 million.
Of course, there are numerous other cryptocurrency options available—many even for the price of Bitcoin back in 2009. Before you jump into the world of cryptocurrency investment, there are few things you should know.
Many investors wonder if choosing cryptocurrency is right for them, and we argue that just about any investor can benefit from adding cryptocurrency to their portfolios. While cryptocurrencies are often more volatile and riskier than stocks, owning just a small amount can expose you to high upside potential. Allocating just 3% of your portfolio to Bitcoin can offer huge growth potential.
And if you have money set aside for speculating on markets, trading cryptocurrencies can be a lucrative avenue as well.
When Wall Street firms and funds (together known as institutional investors) and public companies buy up Bitcoin, they buy it up big, in purchases worth millions or billions of dollars. Their cash influx won’t prevent the price from falling again, but it will keep the price from falling too low. It’ll also encourage others to invest and push Bitcoin to new highs. Here are some of the recent notable “big money” Bitcoin investments that helped push the price over $50,000:
| Company/Fund | No. of Bitcoin | Approximate Value on March 1 |
| Grayscale Investments (OTCMKTS: GBTC) | 656,166 | $31.2 billion |
| MicroStrategy Inc. (NASDAQ: MSTR) | 90,859 | $4.5 billion |
| CoinShares Group | 69,730 | $3.49 billion |
| Tesla Inc. (NASDAQ: TSLA) | Est. 40,500 – 52,000 | $2-$2.6 billion |
| Ruffer Investment Company | 45,000 | $2.3 billion |
| 3iQ Bitcoin Fund | 22,590 | $1.13 billion |
| Galaxy Digital Holdings (OTCMKTS: BRPHF) | 16,402 | $820 million |
Source: Decrypt.co; Yahoo Finance
When choosing the best cryptocurrency to buy, consider that a coin's value is ultimately decided by five main factors:
Although cryptocurrency is a relatively new investment, getting started is a lot simpler than most people might think.
The first thing you should do is sign up for a cryptocurrency exchange. These exchanges will allow you to buy, sell, and hold cryptocurrency. Some common cryptocurrency exchanges include Coinbase, Kraken, Gemini, Binance, and more. When choosing a cryptocurrency exchange, compare the features of each. For example, you may want to choose an exchange that lets you withdrawal your crypto to your own personal wallet for safer keeping.
Next, you’ll connect your cryptocurrency exchange to your bank account. To do this, you will need to provide personal documents such as your driver’s license, social security number, and bank account information. This will be how you transfer funds from your cryptocurrency wallet to your bank account.
Now, you’re ready to place a cryptocurrency order. Cryptocurrency exchanges offer many of the same features as traditional stock brokerage options. You can pay, sell, and trade cryptocurrency investments quickly and easily.
You don’t have to buy Bitcoin to profit from its gain. You can also buy stocks that are correlated to Bitcoin or companies that are investing in BTC, like these five we have our eyes on now:
| STOCK | PRICE ON 3/2/21 | YTD GAIN on 3/2/21 |
| Riot Blockchain Inc. (NASDAQ: RIOT) | $50.40 | 206% |
| Grayscale Bitcoin Trust (OTCMKTS: GBTC) | $45.15 | 29% |
| Overstock.com Inc. (NASDAQ: OSTK) | $68.62 | 39% |
| MicroStrategy Inc. (NASDAQ: MSTR) | $781.07 | 84% |
| Snap Inc. (NYSE: SNAP) | $66.11 | 33% |
In addition to using an exchange, you can also buy Bitcoin using apps like Robinhood, Cash App, and even PayPal. You can also buy Bitcoin at a Bitcoin ATM, although the fees can be high (as high as 10%).
Lastly, you can buy Bitcoin through a P2P (peer-to-peer) network. These networks consist of individuals selling Bitcoin themselves. Bitcoin.com has its own P2P trading platform
Want to learn more about getting started with Bitcoin? Check out our guide How to Buy Bitcoin. Luckily, you don’t have to understand all the technical ins and outs of cryptocurrency. All you need to know is how to buy, sell, and trade this potentially valuable investment.
Investing in cryptocurrency is similar in many ways to trading stocks online or through apps. If you’re ready to dive in, read some of our cryptocurrency articles to help set you on the right path.
Following its market debut, high buying volume drove Coinbase’s stock price to well over $400 a share and increased its value to over $100 billion.
With that much cash behind it, COIN has become an instant institution that’s moved the timeline forward on the crypto market.
So, what are the investing implications for Bitcoin and its biggest stocks? While the trend is currently down, Chris will show you some charts that’ll make clear just how big of a buying opportunity this is….
Following its market debut, high buying volume drove Coinbase’s stock price to well over $400 a share and increased its value to over $100 billion.
With that much cash behind it, COIN has become an instant institution that’s moved the timeline forward on the crypto market.
So, what are the investing implications for Bitcoin and its biggest stocks? While the trend is currently down, Chris will show you some charts that’ll make clear just how big of a buying opportunity this is….
Coinbase's massive IPO means cryptocurrencies have "officially" arrived on Wall Street.
It's an extremely bullish development for Bitcoin, but... investors everywhere want to know about the exchange's stock itself - "Should I buy Coinbase?"
Here's what you need to know...
Bitcoin keeps on charging full steam ahead and could easily hit $72,000 before long.
Plus, we've now got a huge potential catalyst coming with the initial public offering of Coinbase.
This could be one of Bitcoin's biggest weeks ever. Here's what you need to know...
EOS, the cryptocurrency behind EOS.IO, could be one of the hottest cryptocurrencies of 2021.
By now, most investors are intimately familiar with Bitcoin.
You likely know quite a bit about Ethereum.
Even other altcoins like Cardano are catching on.
EOS could be next.
If you’re interested in making money from cryptocurrencies, this altcoin absolutely needs to be on your radar.
Tom’s always been bullish on crypto.
Indeed, it’s blown away some of his wildest expectations, so much that he’s even had to “revise” a few of his upward predictions, especially when it comes to Bitcoin.
But as impressive as Bitcoin and some of those bigger cryptos are, some of the most exciting developments have been happening “under the radar” in less well-known corners of the market where microcurrencies live… .
As the financial world focuses more attention on crypto assets, it's important for investors to be focused on the best cryptocurrencies to watch.
That's why we've put together this exhaustively researched list of the top 12 cryptos to keep on your radar.
These projects will be leading the way in 2021...
Move over, gold! Bitcoin is now the ultimate protection against inflation.
And today, our Tom Gentile’s going to show you why it’s more important than ever before to own the “King of Crypto”….
There are a ton of profit opportunities out there in cryptocurrencies right now.
In Bitcoin, sure, but also some "Bitcoin stocks" Tom follows, as well as two smaller, lesser-known cryptos he calls "microcurrencies." Here's where Tom thinks the biggest profits in Crypto-world are this week... .
The overall worth of crypto is over $1 trillion, with Bitcoin making up around $600 billion of that.
This leaves more than $400 million for a few dozen other cryptos.
A small, little-known class of cryptos - "altcoins - that can sometimes see double-, even triple-digit gains when Bitcoin moves.
And what makes them valuable is the fact that they're useful to people.
Tom's got his eye on one in particular with extreme potential...
With Bitcoin poised to go much higher, there are some smaller, lesser-known “microcurrency” coins that can jump triple and sometimes quadruple digits nearly every time Bitcoin does.
And while coins like Ethereum, Litecoin, etc.
have had incredible runs lately, Tom’s seeing some serious potential in the coins that can be a little more low-key, like this one….
Tom Gentile went on camera to predict Bitcoin would hit $50,000, and, 10 months ahead of schedule, we're at $51,000 So today, he's giving us an updated bullish Bitcoin price prediction.
Back in 2019, when I first made a Bitcoin price prediction for $100,000 by the end of 2021, the No.
1 cryptocurrency was trading at just over $10,000.
That forecast sounded ridiculous – until December when Bitcoin started a massive rally.
Now we’re almost halfway to $100,000, and the original forecast sounds too conservative.
So I’m moving the time frame up to Labor Day.
.
Here are the new developments that changed my mind…
On its way to $100,000, Bitcoin will likely hit $50,000 fast.
Once it does, that’s 70% gains just this year.
But if you only own Bitcoin, you’re not getting all the profits available out there.
Indeed, there are also great Bitcoin stocks to take advantage of.
And the profits you book on this easy stock trade Tom’s showing you will prove it… .
Just as we predicted, Bitcoin's now hit over $40,000, thanks to big institutional investors and corporations who've pumped $17 billion into BTC and other microcurrencies over the past few months.
Bitcoin's mass acceptance gives it solid footing to reach Tom's one-year, $100K price target.
But due to some incredible events over the past three days, Tom might actually have to increase his price target...
You can hardly blame a crypto investor for asking “Should I buy Dogecoin right now?” The Doge cryptocurrency rocketed more than 900% at one point this week.
Investors on Reddit are trying to push it to $1 – a far cry from where it is now at about four cents.
But investors need to understand what’s really going on here.
Before you buy any Dogecoin, you must read this…
