Cryptocurrencies have made quite a splash in the financial world. Once shunned by financial experts and called a scam, today major financial institutions are opening up to this emerging asset class.
BlackRock, the world’s largest asset manager, has made headlines for announcing a Bitcoin ETF for its clients, a move that shows the world is ready to accept cryptocurrencies as a legitimate asset class.
The cryptocurrency market has experienced many ups and downs. Despite the volatility, long-term holders have made a lot of money. Let's take a look at three coins you can invest in for the long term.
3 cryptocurrencies for long-term goals
1. Bitcoin (BTC)
Bitcoin (BTC) is the first cryptocurrency. BTC is also the best-performing asset of the past decade. BTC reached multiple all-time highs in 2024, and many predict its price will continue to rise in 2025. This asset also has a limited supply, making it a deflationary asset. Many believe that the price of BTC will eventually reach $1 million.
2. Solana (SOL)
SOL is among the best-performing cryptocurrencies over the past two years. The price of this asset dropped sharply in 2022 after the collapse of FTX. The price of SOL fell below $10 by the end of 2022. Over the past two years, SOL has seen an incredible recovery. This asset reached a new all-time high a few weeks ago. The SOL network has also experienced remarkable growth. SOL is a cryptocurrency that many expect will reach very high prices in the future.
3. Shiba Inu (SHIB)
SHIB is one of the most popular cryptocurrencies on the market. This asset has turned some early investors into millionaires. The loyal fan community and large following of SHIB make it a reliable cryptocurrency to hold for the long term.
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