Right now, we’re in the midst of the fourth crypto boom.
Bitcoin has exploded in value over the past year, reaching an all-time high of over £45,000 in April. Big money investors are finally piling into the world’s ‘digital gold’ and driving the price skywards.
Altcoins (what people call any crypto that isn’t bitcoin) soon followed. Ethereum (ETH), Binance Coin (BNB), Cardano (ADA) and others all have hit their highest prices ever.
So, it’s no wonder that more people than ever are getting interested in cryptocurrency.
Maybe you already own some. Maybe you only own bitcoin. Or maybe you’re looking for a way to get started.
There’s no doubt about it, crypto is one of the most exciting markets in the world.
Cryptos have the potential to transform society in all kinds of ways. They can make online payments faster and safer, offer alternatives to unstable fiat currencies, and hand power “back to the 99%”.
And that’s just the tip of the iceberg.
But the world of cryptos can also be confusing. There’s plenty of jargon and many new concepts to get your head around.
So I hope this report will demystify the terms and concepts behind three radical and disruptive cryptos.
Just to be clear: these are not recommendations.
This is analysis I’ve put together over time – which any investor should find useful.
The crypto market is unregulated – that means investors don’t have access to the financial services ombudsman or the Financial Services Compensation Scheme if things go wrong.
And as we all know by now, crypto can be very volatile. The value of your investment can go down as well as up.
As with all investments, I recommend you do some follow-up research into these cryptos before making any decisions on investing – make sure you’re comfortable with the risks involved and draw your own conclusions before acting.
So, to get you started, here are three cryptos that I believe you need to keep on your radar in 2021…
Crypto to watch #1
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