10 Best Cryptocurrencies to Buy for Beginner Traders According To Reddit

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1. Bitcoin

Market Cap: $1.87 Trillion

Value as of December 27: $94,330

Bitcoin was the first cryptocurrency. Born from a vision of decentralization, it operates without borders, intermediaries, or the constraints of traditional systems. Beyond just a digital currency, Bitcoin has become a symbol of innovation, attracting investors, tech enthusiasts, and visionaries alike. Bitcoin is the most popular and valuable cryptocurrency in the world.

Its first ETFs were launched after spot Bitcoin exchange-traded funds were approved on January 10, 2024. BlackRock’s iShares Bitcoin Trust (IBIT) holds the largest amount of Bitcoin at nearly 552K as of December 27. At the time of writing, over $47.6 billion worth of Bitcoin has been traded in the last 24 hours and is trading on over 11,850 active markets.

While we acknowledge the potential of Bitcoin as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure. I own Bitcoin. I don’t plan to make any changes to my positions in the next 48 hours. This article is originally published at Insider Monkey.

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