London, UK, ZEX PR WIRE – Nathan Bloomberg, a broker from Financialcentre says that the cryptocurrency market is in the midst of a bull run, and the price of Bitcoin has reached new highs. If you bought $25 worth of Bitcoin back when it was less than $1 on January 1st, 2011 you would have made over $25 million dollars from that investment alone.
This is why the smartest people in the world are telling you to buy Bitcoin right now.
The cryptocurrency market may be flooded with newbies and uneducated speculators who have arrived on the scene over the last couple of years, but a closer look at the fundamentals tells us that this is only temporary.
Cryptocurrencies are still in their infancy stage alongside the internet itself. The internet is currently at a 1995 state (you can read my comparison here about the internet and blockchain), so you can expect the cryptocurrency market to go through many more cycles of boom and bust before it becomes stable.
But just like the internet let’s use Bitcoin as an example, the cryptocurrency market will eventually stabilize in only 20-30 years or so when widespread adoption takes place.
There is no doubt in my mind that Bitcoin will be a top 3 reserve currency by then, with the other two most likely being the US dollar and Chinese yuan. But what else can we look forward to as the cryptocurrency market matures?
Well, I think there are many cryptocurrencies out there today that may be worth hundreds, or even thousands of times their current value.
But there are some cryptocurrencies that I think have a chance at being the best in class for each sector they are addressing, and can only increase 10-100 fold from their present prices minus any significant boom/bust cycles.
The best cryptocurrencies to buy for early retirement in 2021:
#1 Bitcoin [BTC]. Bitcoin will always be the king of cryptocurrencies by far, but its price may not increase beyond $100,000 due to its 21 million supply cap that will eventually be reached. For this reason there are a lot of people who say Bitcoin has no place as an investment because the future supply cannot be changed.
#2 Bitcoin Cash [BCH]. Bitcoin cash will be the next best cryptocurrency to invest in for long term gains because it has a huge potential on room for growth with an 8x larger total supply that may not even be reached until around 2030.
Reddit user /u/Bittwenty put together a great analysis of the long term supply for btc and bch, which I have included at the end of this article.
I think that bitcoin cash will eventually be worth more than bitcoin in terms of market cap. In fact just today a company called Blockstream has announced plans for a “Liquid Network” that uses sidechain technology to allow for faster secure transactions.
This is the first time that a real world use case has been shown for bitcoin cash, so if this proves successful then bch will gain value and could possibly overtake Bitcoin as the top cryptocurrency by market cap in the years to come.
#3 Cloak Coin [CLOAK]. Cloak coin is basically like a normal credit card, except it is for the darknet. That’s right, this cryptocurrency allows you to make purchases on websites like silkroad and AlphaBay without getting scammed or having your identity leaked to law enforcement agencies.
#4. Einsteinium [EMC2] – If you’re not familiar with Kickstarter then I’m guessing you’ve probably missed out on a lot of cool projects along the way.
Well you don’t have to miss out anymore because EMC2 is like kickstarter on steroids. It is a cryptocurrency that allows people to crowdfund scientific, technological and medicinal research for new life saving medicines.
$5 buys you 10 Einsteinium coins so if it goes up 10x then you’ve made a nice profit.
#5. Vertcoin [VTC] – This altcoin is like Litecoin’s younger brother and I think it has a chance to overtake VTC in terms of market cap in the future due to its ASIC resistance and faster block times, which allow for much quicker confirmations.
#6 GXChain [GXS] – Similar to Ethereum, GXchain is a blockchain network that allows users to create and deploy business smart contracts without the hassle of setting up a new node or dealing with expensive gas prices. I think this one will really take off because it has potential mass adoption for corporate investors, which may lead to a huge spike in the price over time.
GXS is currently trading at around $0.20 per coin so there is a lot of room for price appreciation if this project ever gets off the ground and makes some significant headway into changing the way that business contracts are verified and processed on a daily basis.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
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