When Bitcoin was launched almost a decade ago, no one took it seriously. In fact, many predicted it would be a failure.
But today, you cannot seem to stop yourself from investing in Bitcoin and altcoins. Bitcoin has become a massive hit!
Investors have poured in thousands of dollars and basked in millions of dollars in returns.
Carl Runefelt is one notable example. A few years ago, he was a worker at a supermart, but today he is a billionaire under 30 years of age. Carl specifically recommends investing in Bitcoin.
He says, “I am very confident that this will be a very good investment. I believe that Bitcoin is not only going to go to $500,000, I think that Bitcoin is gonna go to five million dollars per Bitcoin in today’s money. Obviously, with inflation, bitcoin could go to trillions of dollars per Bitcoin. Actually, it will because it is inevitable, but because the dollar will collapse at some point, that’s just something that is going to happen because it’s inevitable, but I believe that in today’s money, Bitcoin could go to five million dollars.”
After the incredible success of Bitcoin, many new digital currencies came into being. They, too, witnessed massive success. Today investors leave no stone unturned in wanting to invest in altcoins along with Bitcoin.
Carl says, “We have seen altcoins rally very, very strongly in the last few months. I think we will continue to see that. I think the likely scenario is that we will continue to see altcoins rise before Bitcoin peaks.”
So if you are wondering which digital currencies you can invest in other than Bitcoin, you’re reading the right article.
Let’s get into it right away.
Remember This Before Investing
The returns crypto offers will make you rush into it. We recommend you not to be hasty. Don’t let the success of others blind you in darting into this investment without thinking.
It is a bad idea to put all your worth into crypto. You should initially invest a few thousand dollars into crypto, which you can afford to lose.
You should calculate the risks and then jump in. This is because the crypto market is quite volatile. You will need plenty of experience in crypto trading before you become an expert in tripling your money through crypto.
Carl Runefelt suggests, “If you are working a nine-to-five job and you only make like $2,000 a month, I would say at least put a few hundred dollars every month into Bitcoin and keep accumulating weekly or monthly that’s exactly what I was doing back a few years ago when I was working in a grocery store.”
Now let’s dig out some of the cryptocurrencies that you can invest in to triple your profits
Cryptocurrencies You Can Invest in 2022
Numerous digital currencies can make you a lot of profit. Instead of investing in just one cryptocurrency, you should diversify your portfolio and start investing in other digital currencies simultaneously.
The good thing about Ethereum is that it is not just a traditional digital currency but also blockchain technology that helps you transact money. Ethereum provides you with numerous other applications from where you can make money. NFTs are one such example.
Carl says, “NFTs are definitely speculative, but as you have seen, there is a lot of demand for them because they are scarce. There is always a new collection coming out all the time.”
Carl Runefelt highly suggests Ethereum, “I had gotten some nice profits from my Ethereum holdings for a long time. I have been holding Ethereum for multiple years.”
Whenever the crypto discussion starts, you think about Ethereum and Bitcoin, right?
What if we tell you that the Qtum currency has the power of both these renowned currencies?
Yes, Qtum combines the best of both; the flexibility of Ethereum and the security of Bitcoin. This makes it one of the best options to invest in 2022.
You probably have heard about dogecoin as a joke on social media platforms. It began as one!
But starting as a memecoin, it has established itself as a renowned cryptocurrency. And guess what, the multi-billionaire Elon Musk is one of its investors.
Due to its minting limit, it has huge potential in 2022
Nano is another potential cryptocurrency that can reap thousands of dollars. As crypto payments are becoming the new norm, Nano offers the ease of exactly that.
Nano is now popular on account of its ease of transferring.
Invest in Altcoins; It’s the Time
In a nutshell, every cryptocurrency is unique and offers something different than the other. This gives you enough impetus to diversify your crypto portfolio.
So invest in the altcoins mentioned above and be ready for the future. Future is all crypto!