Although many believe in a bearish trend in the crypto market this year (at least I see such “survey results” regularly), I continue to build up my crypto portfolio. I do not believe in forecasts about bitcoin for $3500. The current crisis is an opportunity for cryptocurrencies, because they are not dependent on the monetary emissions that many states are now using in their attempts to stabilize their economies, i.e. they are more stable.
First of all, this concerns Bitcoin, it is already perceived as a digital analogue of gold (which explains its current growth!), Therefore my forecast by the end of the year is $9000. In the crypto part of my portfolio, Bitcoin has 50% as a protective asset, and I think there is no better cryptocurrency for long-term investment.
Bitcoin technical progress with Segwit, Schnorr, MAST updates, MimbleWimble, Bulletproofs protocols, confidential transactions, side chains, Lightning Network is more noticeable every day, and any other cryptocurrency will be difficult to catch up with Bitcoin.
Of course, there are other cryptocurrencies that can also show good growth. Therefore, I included in my portfolio, for example, Cardano, the currency of the third generation blockchain platform for the development of decentralized applications and smart contracts. Like Ethereum, it is an open and decentralized platform, but it promises to be more scalable, manageable, and interoperable. I also included Monero, NEXO, Litecoin and Ethereum in my portfolio.
