In the decade that started on January 1, 2010, and ended on December 31, 2019, Bitcoin provided the greatest investment return ever seen. That investment return was so amazing that it leaves people asking, “What is the next Bitcoin?“
Let’s start by looking at Bitcoin’s financial performance of the previous decade. On the first day of the decade, one penny would have bought you 4 complete Bitcoins. That’s a price of $0.0025. By the last day of the decade, New Year’s Eve of 2019, the price per Bitcoin had climbed to $7,193.60.
That’s an increase of 2,877,400-to-1.
Yes, that means that one single Dollar invested into Bitcoin of the first day of 2010 had grown in value to $2,877,400.00 by the last day of the decade.
To state it another way, it only took an initial investment into Bitcoin of 35 cents, and if held for the duration of the decade, would have risen in value to $1 million Dollars.
Is it any wonder that people are looking for the next Bitcoin?
Are there any Altcoins that can come close to repeating Bitcoin’s meteoric rise of the past decade?
Well, that’s the focus of this website, and we will examine potential candidates in this article. First, though, we will take a look at what other sites have to say about this topic.
Here’s What Other Sites Say About The Next Bitcoin
Let’s take a look at what some industry publications report on the topic.
The Altcoin Trader’s Handbook says about the next Bitcoin:
In truth, there is no next Bitcoin or next Ethereum. What people are really asking is which cryptocurrencies will outperform Bitcoin? Which investments in crypto will provide returns similar to Bitcoin or Ethereum?
Another unfortunate truth is that the answer to the latter is likely nothing, and, if there is such an investment, the likelihood that you will find it, buy it at the lows and hold it all the way until those returns materialise is akin to winning the lottery.
Let’s be realistic. In general, we are in agreement with their viewpoint that there really isn’t going to be another cryptocurrency that repeats Bitcoin’s price rise of the previous decade. An investment that returns 2.8 million to one in ten years has never been seen before, and never will again.
Nor, by definition, can there ever be a new cryptocurrency that gains first mover advantage from being the first entry in an entirely new industry. Bitcoin was the first and there will never be a way to change history.
However, just because Bitcoin’s meteoric price rise will not be equaled again doesn’t mean that you should give up looking for the next best thing. It will be well worth your time to find it.
Here is what Forbes says about the next Bitcoin:
As the cryptocurrency market has matured, however, smaller cryptocurrencies have increasingly found their own direction independent of bitcoin, with binance coin, an ethereum token used to pay fees on Binance, the world’s largest cryptocurrency exchange by volume, increasingly leading the market, according to Weiss Ratings.
Binance coin is up by more than 300% this year, gaining the most of the top 10 cryptocurrencies by market capitalization, CoinMarketCap data shows.
The Forbes article seems to imply that Binance coin has the best chance at becoming the next Bitcoin-like investment.
Scratch that. We strongly disagree.
Binance coin is not going to become a worldwide, mass-adopted currency. Yes, it’s a token with utility value, but it never was designed to be a global, peer-to-peer and business-to-business currency. You can take it off your list of candidates to potentially become the next Bitcoin.
Here is what Bitdegree.org says about the potential for the next Bitcoin:
When you think about what is the next Bitcoin and try to google for the answer, there are usually three big names that pop up. In most cases, people want to know the answers to these three questions:
Is Litecoin next Bitcoin?
Is Ripple next Bitcoin?
Is Ethereum next Bitcoin?
Litecoin, Ripple and Ethereum – according to popular opinion, these are the three main contenders to become the next big cryptocurrency.
It is extremely evident to us that none of these three Altcoins are going to provide financial gains anywhere near close to what Bitcoin did in the previous decade.
Oh, yes, we do believe that they will have very nice price gains in the coming months and years.
But definitely NOT 2.8 million-to-1.
Here is what investopedia states about the topic:
The field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow, for all anyone in the crypto community knows. While bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to the ranking of coins relative to one another in terms of market cap. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list as well.
Investopedia goes on to list Libra as one of its top 10 altcoins that could become the next Bitcoin:
One of the most-hyped cryptocurrencies is one that, as of January 2020, has yet to even launch. By mid-2018, rumors circulated that social media giant Facebook, Inc. was developing its own cryptocurrency. Given Facebook’s incredible global reach and the potential for massive volumes of exchange across its platform, the cryptocurrency world had long speculated that the social media titan might launch its own digital token.
Rumors were formally confirmed on June 18, 2019, when Facebook released the white paper for Libra.14 The tentative launch date for the token is later in 2020, as Facebook has committed to sorting through regulatory barriers before launch. Libra will be overseen in part by a new Facebook subsidiary, the financial services outfit Calibra.15
While Libra may ultimately become successful we have our doubts. As has become more evident recently, Facebook can be heavy-handed, wanting complete control over such mundane things as freedom of expression. Facebook’s philosophy is on the centralized, authoritarian approach, while cryptocurrency is on the opposite end of the spectrum. Freedom and decentralization don’t mix with control and centralization. In our opinion, trying to combine the two is not a recipe for success.
Lastly, greedyrates suggests an important question:
At the risk of making your head spin, here are the cryptos we’re watching in 2020. Before you take the plunge, ask yourself, “Which of these will be around in ten years?” Cryptocurrency markets are highly volatile and as an investor, you have to have the stomach to tolerate dramatic price fluctuations.
We entirely agree, and might add not only around ten years from now, but being widely used across the globe.
Find that coin and you’ve found the next Bitcoin.
What Is The Next Bitcoin Like Investment?
Based upon Bitcoin’s unheard of returns from the previous decade, there is a great deal of interest to find the next investment that performs like Bitcoin did in the decade that just ended.
We strongly believe that Blockchain and cryptocurrency are disruptive technologies that will have a major impact on global finance, banking, and commerce.
In fact, the World Economic Forum (a very powerful group of insiders) has stated, “Blockchain is a foundational emerging technology of the Fourth Industrial Revolution, much like the internet was for the previous (or third) industrial revolution.”
Small investments in emerging technology are the absolute panacea for every investor seeking to strike it rich. It’s obvious to an aware onlooker that the next Bitcoin-like investment will be found in the blockchain industry.
The Next Bitcoin Halving
It is written into Bitcoin’s code that about every 4 years the block rewards (the system by which Bitcoin is created) are cut in half. The next Bitcoin halving will see the daily number of Bitcoins created be reduce from 1,800 per day to 900 per day.
This drop in new supply has had the effect in the past to cause the price to rise. We expect no different this time. Same (or greater!) demand with reduced supply will result in a price rise. That’s just Economics 101.
The Next Bitcoin Bull Run
Since its inception, Bitcoin has had significant bull run’s that have peaked every 4 years. This is at least partially related to the 4 year halving cycle just described.
Bitcoin was first introduced on January 3, 2009. It was in the Fall of 2013 went Bitcoin first experienced a parabolic bull run in price. It then went into a nearly 2 year correction.
It was in the Fall of 2017 that Bitcoin experienced its second parabolic bull run in price. It then went into a nearly 2 year correction, bottoming in March of 2019.
Based upon previous price cycles, the next Bitcoin bull run has already started.
The Next Bitcoin Boom
With the hard code of another Bitcoin halving now past (and the supply of new Bitcoin coming to market reduced by 50%), with nearly 100% of the world’s largest corporations implementing blockchain technology, and with a very clear, very well defined track record of a 4 year cycle in the Bitcoin price, it’s screams to us that now is the time to establish your crypto portfolio. The next Bitcoin boom has already begun.
The longer you wait, the more the top blockchain/crypto projects will cost. As the saying goes, “The early bird gets the worm.” Get the report today and establish a position in the top 5 cryptocurrencies that have the highest potential to become the next Bitcoin.
Learn more about the 5 coins that have the investment capacity to be next potential Bitcoin.
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