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5 Reasons to invest in cryptos besides Bitcoin
Bitcoin is the king crypto imposing its will on altcoins. Will this always be the case? I’m not sure and I won’t try to pretend that I know. However, today Bitcoin is bringing new people into the space, making the most news headlines, and ushering in a new asset class for the first time in decades. I invest in Bitcoin daily and appreciate that it allows me to earn passive income which I am unable to get with traditional savings. WIth all this being said, ignoring other opportunities in crypto is akin to thinking that cell phones were only going to be for talking. It’s easy to see that talking is now just one feature of the cell phone and it probably isn’t the most used feature either. That wasn’t the case before the Iphone. Perhaps in the future, we will see that Bitcoin in crypto is similar to the call feature in cell phones; it started the movement, but really is only one benefit of the crypto asset class.
Here’s a list of five reasons why it makes sense to invest in cryptos besides Bitcoin. Again, I am an owner/investor in Bitcoin and believe in it’s long-term viability, but I also believe that a crypto portfolio is better served with diversification. This isn’t financial advice and I am not a financial advisor.
- Utility- Bitcoin has one main utility and it does it extremely well. It allows people/institutions/investors to store the…
