Bitcoin price is in a downtrend and has been falling in 2022, after a double peak in 2021. Glassnode statistics show that there is an increasing number of new Bitcoin wallets with less than 1 BTC. This statistic shows us that there are new individual investors on the market. It is a great chance to accumulate 1 BTC while the prices are cruising around the 20k level. Bitcoin price is expected to increase in the long term because of its scarcity and expanding real-life use cases.
Dollar Cost Average (DCA) is a very common investment strategy for those who have regular income and wants to save on a regular basis for the long term. In DCA, you keep investing a certain amount of money in a regular period of time for a long time, for example, 100$ every month. You buy low and high, but in the end, the average cost of the invesment stays in an acceptable range.
DCA is one of the best crypto investment strategies because of the crypto market's nature. Because hodling is a great way of investment in crypto. There have been bull cycles and bear cycles in the crypto market over a decade of history. The more crypto acceptance increases, the more crypto prices increase over time. If you have kept buying Bitcoin last five years, you would still be in profit even though the Bitcoin price is around $20k in 2022.
There is no doubt that Bitcoin is the leading cryptocurrency with the longest history on the market. Bitcoin is more than digital money; It is a revolutionary idea. Some people call themselves Bitcoin maximalists, and they believe in a future world where people will use Bitcoin in everything from the food we eat to the houses we live in. Bitcoin is a proven cryptocurrency that corporates and governments widely accepted as an asset. It is quite usual to see Bitcoin price on a T.V. screen along with gold, Euro, S&P and other main indexes. Bitcoin is a must in a crypto portfolio.
You can see the top coins by their market caps on coinmarketcap.com. USDT, BUSD, USDC, and DAI cryptocurrencies are among the top cryptocurrencies, but they are stablecoins that can be explained as a digital form of the U.S. dollar. Holding USD in a traditional bank is way safer than holding dollar stablecoin. Digital stablecoins have better APR than fiat USD, but it comes with some risks.
Ethereum, BNB, ADA, XRP, SOL, DOGE, DOT, MATIC, and AVAX cryptocurrencies are among the top 15 cryptos by market cap. There are very promising cryptocurrencies with real-life blockchain solutions. Ethereum is creating a decentralized web. Solana, Matic, and Avax are like Ethereum but differ in speed and security.
If you check the Ethereum/Bitcoin price chart, you can see that the Ethereum price gains more against the Bitcoin price over time. Ethereum's price increased more than 50% in July 2022 after the ETH merge news for ETH2. Ethereum is the leading altcoin and a must for a crypto portfolio.
According to news, a new bill was introduced to U.S. Senate to authorize Commodity Futures Trading Commission (CFTC) to regulate the biggest cryptocurrencies, Bitcoin and Ethereum. Bitcoin and Ethereum will be classified as a commodity if the bill passes.
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