Bitcoin cracked the $19,800 mark this week. It’s likely only a matter of time before bitcoin tops $20,000 and sets new all time highs. Who knows? As you read this, bitcoin could already be over $20,000.
It’s a terrific time to be a bitcoin investor. In December 2018, bitcoin was trading for less than $3,500. If you had bought bitcoin back then (like we suggested you do), you would be up around 465% today.
Not bad for two years!
But with all the attention bitcoin has been receiving, it’s been easy to miss just how well the rest of the crypto markets have been performing.
The list above is selective. But that’s not the point. It can be easy to get caught up in the bitcoin excitement. But crypto is about a lot more than just bitcoin.
Investors — big and small — rightly consider bitcoin a hedge against the traditional economy, runaway debt, money printing and inflation. It’s the most established and secure crypto out there. So it makes sense that bitcoin gets the most attention.
But creating a diversified crypto portfolio is as critical to success in the crypto markets as it is in the stock markets. If you had only invested in bitcoin over the last two years, you would have missed out on some major gains.
Yes, any responsible crypto portfolio needs to be heavily weighted towards bitcoin. But it doesn’t need to be the only crypto in a portfolio. From new crypto sectors to crypto’s “blue chip coins,” there’s a lot of promising crypto to invest in.
Regardless of what you’ve already invested in (or are thinking about investing in), it’s a good time to hop into the crypto markets. The crypto bull run is underway — you don’t want to miss out!