From big cryptocurrencies to affordable ones, here’s a guide to finding the right investment.
Cryptocurrencies have seen their biggest boom since late 2017 that has attracted a lot of eyeballs. Investors are eyeing the top cryptocurrencies to add a mix to their portfolios. Bitcoin, the most popular cryptocurrency, recently hit a record high of $63,000 before seeing high sales, giving investors a window to buy bitcoins before the price spikes again. Today, one bitcoin is valued at $56,000.
In the past few months, cryptocurrency prices came down from their highs after US President Joe Biden signaled plans to increase capital gains taxes which lead to some investors selling off their holdings. However, this did not stop financial services from having a positive outlook towards digital currency.
Visa said in a statement at the end of March that it will allow the usage of USDC Stablecoin to make transactions. The Gemini cryptocurrency exchange announced this week that it will launch a rewards-based credit card with Mastercard. The idea is to allow users to earn cash back in the form of cryptocurrencies. The investment banking giant JP Morgan is also preparing to launch a managed bitcoin fund for its clients. Not just bitcoins, the meme crypto that was doing the