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John Haar, managing director atSwan Bitcoin, explainedwhy bitcoin is the one to consider.
Not all cryptocurrenciesare payment currencies, in fact.
Haar describes bitcoin most accurately as a fixed supply, decentralized digital monetary asset.
He pointed out that when you look at every other cryptocurrency, they do not all meet that description.
Additionally, even other forms of currency, such as dollars, do not have a fixed supply.
A lot of the other tokens really dont meet that description either.
So we really do believe that bitcoin stands in a category of its own.
The next biggest cryptocurrency after bitcoin is Ethereum, with a market cap of $320 billion.
So bitcoin is many multiples bigger than the next cryptocurrency.
He believes that bitcoin will match the market cap of gold by the year 2030.
Haar recommended investing no more than 5% of your liquid net worth to start with.
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