Investing in cryptocurrency is similar in many ways to trading stocks online or through apps. If you’re ready to dive in, read this article and our cryptocurrency news stories listed below, about Bitcoin and various microcurrencies to invest in, to help set you on the right path today.
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.
The Ripple (XRP) cryptocurrency is up more than 400% for the year, and it looks like even more profits are around the corner.
Big financial institutions are increasingly using XRP technology to cut costs and boost services.
One big bank is slated to use Ripple to generate $24 billion worth of business… .
Negative sentiment and some misunderstood headlines from China triggered a full-on crypto crash, with coins like Bitcoin plunging 22% or more by Wednesday morning, and when poorly positioned traders began to get hit, that just made the slide worse.
But for most investors, this is a crypto “Sale of the Century” opportunity… .
Like so many crazy moves in the markets, the plunge in crypto prices started with an Elon Musk tweet.
But the hammer was a piece of misreported news out of China.
That sent Bitcoin prices spiraling downward, taking the entire crypto market with it.
Here's exactly what happened - and what investors should do now...
SHIB coin, also called the Shiba Inu coin, might look awfully familiar to another cryptocurrency currently making waves: Dogecoin.
Created in August 2020, the coin is almost certainly meant to ride the coattails of Dogecoin's renewed popularity.
Here's everything you need to know about this coin, including price predictions...
Elon Musk’s Twitter feed has a lot of Bitcoin and crypto investors reaching for the antacids lately; the outspoken CEO’s helped send Bitcoin on a $7,000+ slide, and at one point wiped $300 billion off the cryptocurrency markets.
Don’t worry: Tom Gentile’s Bitcoin price chart shows where to buy back in or buy more, and hints that the bulls will run again soon… .
Looking for a Dogecoin price prediction can land you in some weird spaces on the Internet.
The coin made at least one millionaire as it leaped from $0.05 to $0.50 in a matter of days.
His name was Glauber Contessoto, and he is not selling.
In fact, Contessoto believes Dogecoin will ultimately rise to $2.50.
That will have brought his Dogecoin position from $180,000 to $10 million.
Our Dogecoin prediction looks a bit different. But let's start by being fair...
It was all Elon Musk's fault.
Just one tweet from him sent almost every cryptocurrency tumbling.
Except for the Cardano price, that is.
Cardano actually got a big push from the Musk tweet - enough to send it to a new all-time high.
Here's what Musk said to cause all this mayhem...
The Wink coin, or WIN token, is a cryptocurrency designed for users to create and play casino-style games on decentralized apps.
Considering the online gambling market is worth $54 billion, a cryptocurrency that cuts out the casino middlemen and encourages users to participate could have seriously high upside.
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Let’s take a look at how this works and what that means for a Wink coin price prediction…
The Holochain coin (HOT) is down more than 50% in the last month.
Crypto traders want to know if they've hit bottom yet.
The answer may have something to do with the coin itself.
Our Holochain price prediction has HOT going up in the future.
It's just a matter of when.
An Ethereum price prediction of $10,000 by the end of the year is not at all outlandish.
After all, the No.
2 cryptocurrency has soared more than 1,500% over the past 12 months.
And the catalyst driving these gains is not only incredibly powerful, it’s gaining more strength every day.
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Here’s why the price of Ethereum is destined to go much higher…
The price of XRP came under pressure after accusations by the SEC that Ripple Labs had violated investor protection laws by selling "unlicensed securities" (in other words, the XRP tokens).
Though the lawsuit hangs in the air for now, the coin still shows some life.
Today, we give you our Ripple Price Prediction for the next five years.
Ankr's meteoric, 2,500% rise over the last year has gotten the crypto communities attention.
But is there more upside from here? Is the coin worth owning? We'll cover all that and more with our Ankr coin price prediction.
Here's what you need to know...
Thousands of new cryptocurrencies have popped up since Bitcoin was created in 2009.
Some compete with BTC, while others offer some kind of complementary use alongside the first-to-market coin.
Most of the stories out there talking about a “SafeMoon price prediction” are calling for big gains.
But at Money Morning we disagree.
This crypto project is loaded with red flags that suggest investors are more likely to get fleeced than to get rich.
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Here’s why you should steer clear of SafeMoon…
Following an eventful few weeks, Bitcoin had a rough couple of days over the weekend.
And while its drop was pretty significant and sudden, Tom's not worried about it in the long run.
He'll show you what actually happened and where we're headed in the next few days, plus a chart that points to where the buying opportunities are... .
