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Are you debating whether or not to invest in Bitcoin? Here are some of the other famous personalities in the crypto world.
As cryptocurrency becomes increasingly tempting to mainstream investors, it has reached fresh all-time highs this month.
This week, Bitcoin, the most widely used digital currency, hit a new all-time high of over $70,000 per coin. It has gained about 125 percent this year, while the S&P 500 has gained less than 24 percent.
Last month, the first Bitcoin ETF began trading, allowing investors to participate in the cryptocurrency mania without having to acquire the currencies altogether.
The crypto frenzy is clearly here to stay. However, there are many unanswered issues concerning what type of regulation the asset class could face. Even some of Wall Street’s biggest names, like JPMorgan CEO Jamie Dimon, are doubtful about crypto’s long-term viability.
The vast number of currencies available to investors fresh to the area might be overwhelming. Here’s a rundown of the five most popular cryptocurrencies.
Bitcoin
According to CoinMarketCap, Bitcoin has always been the most valuable cryptocurrency, with a market value of more than $1.2 trillion.