Is Bitcoin the best crypto to buy?

‘Should I be buying Bitcoin right now?’

It’s a question I get asked a lot around this time. And with institutional involvement pouring in, and mainstream coverage picking up, it’s a fair one. So in this email I’m going to break it down and give you some points to consider.

First off, I’m a big advocate for Bitcoin. It’s the best-performing asset of the last decade, and it has paved the path for Crypto today. Bitcoin is the OG of the crypto space and, with predictions of Bitcoin hitting $1 million by 2030, it’s a fantastic asset to hold long-term, in my opinion.

However!

With an entire universe of cryptocurrencies now available, is Bitcoin still the best thing to buy?

Let’s get into it.

Bitcoin is economically ‘heavy’

Many people are attracted to crypto because of the potential for incredible gains. And if you’re just entering the crypto market now and want maximum bang for your buck, here’s what you need to know:

Bitcoin has the biggest market cap in crypto, so it takes a LOT to move it.

Bitcoin isn’t like smaller cryptos or meme coins that can shoot off into the stratosphere and give you back 1,000x or more on your money. You may potentially double your money with Bitcoin this bull market, but we don’t expect the gains that you could get with other cryptocurrencies.

Having said that, if you’re a conservative investor, and you have a lot of capital to play with, a potential double on your money may be enough for you (factoring in capital gains tax). But if you’re a smaller investor with less capital, you may want to consider crunching the numbers.

For example: If you were to invest $1,000 into the market right now, Bitcoin would need to jump from its current position hovering around US $95K to $190K in order for you to make a profit of $1,000.

Are there potentially better gains to be had in crypto? Absolutely!

If you were to invest that same $1,000 into a new Layer 1, for instance, your potential for gains increases dramatically. If we look at the performance of some of the Layer 1’s of the past, in their first bull market, there’s no denying that the gains were phenomenal.

Layer 1’s are just one of the options available – AI is another growth sector to look at, and memes are also very popular this cycle (although we recommend a small allocation only to memes as they’re the most volatile and unpredictable).

What about if I’ve got Bitcoin already, should I add to my position?
This depends on whether you’re looking to extract maximum value this bull cycle, or accumulating with a much longer-term vision.

Let’s say you bought Bitcoin at a low price during the bear market (in which case, congratulations!). You’ve already seen solid gains because Bitcoin has had a big run up this cycle. We know that Bitcoin is economically heavy, so what altcoins can you explore that are lighter and will potentially offer you much more upside potential?

Bitcoin’s next run-up might yield a 50–100% gain, but is there something that can do much more than that?

Is it smarter to rotate some profit into altcoins so you can capture gains there as well?

Something to think about.

The power of Dollar Cost Averaging (DCA)

Now, if you’d like to invest long-term in Bitcoin, so you’re capturing a slice of that $1 million Bitcoin pie, AND capitalise on gains from altcoins, the power of dollar cost averaging cannot be understated.

For instance, if you had been putting $50 into Bitcoin every week since 2022, you’d be sitting on some pretty nice returns right about now! In fact, you can check how much this would have made with Bitcoin DCA calculator here: https://dcabtc.com/

So, if you wanted to DCA into Bitcoin, either now or during the next bear market when prices are much cheaper, you would gain exposure to Bitcoin’s future growth without having to think about it too much. I would actually recommend everyone consider doing this when we have our next capitulation event which will send us into the next bear market (don’t worry, we’ve got approximately two years before that happens, if history is anything to go by).

This strategy will set you up for serious gains down the line!

So, as you can see, crypto offers great opportunities and options for those who are willing to take them. Whether you’re investing into altcoins or setting up a Bitcoin DCA strategy for the future, the most important thing is to have some exposure to this asset class. As I always say, some exposure is better than none.

I hope that gives you some food for thought regarding Bitcoin and altcoins. Bitcoin is a solid, long-term investment choice that is not going anywhere, so even if you do invest exclusively in altcoins this bull cycle, remember that Bitcoin is predicted to get to $1 million by 2030, so some allocation of Bitcoin in the future could be a smart investment choice.