Things can move quickly in the world of crypto. This is especially true of Shiba Inu (SHIB 4.47%), the meme coin that made a sudden appearance in 2021 and rose by more than 60,000%, only to plummet and remain 85% off its all-time high. While the token’s lack of substantial fundamentals quickly became apparent, it doesn’t mean that valuable opportunities don’t exist. The most robust contender of all is Bitcoin (BTC 2.76%), the one that started it all.
Bitcoin stands out due to its decentralization and security. A decentralized network void of any controlling party means that no single entity can manipulate or undermine the system. Bitcoin’s blockchain has also never been compromised, and it has processed trillions of dollars in transactions without issue. This finite supply of 21 million coins also sets it apart from meme coins, and its cyclical reduction in inflation rate (known as the “halving”) further contributes to its long-term value.
Recent developments such as BlackRock and Fidelity applying for spot Bitcoin ETFs have also increased the cryptocurrency’s acceptance. This would allow investors to add Bitcoin to their 401ks, pension funds, and individual retirement accounts.
For investors looking for a cryptocurrency with novel utility and robust fundamentals, few options stand out as much as Bitcoin. Its high levels of decentralization and security, large market cap, and track record of returns make it a pillar of stability in the crypto universe. Beyond the hype, Bitcoin is not just another cryptocurrency; it’s a strategic move towards lasting wealth.
