{"id":297702,"date":"2021-08-06T09:01:09","date_gmt":"2021-08-06T13:01:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=297702"},"modified":"2021-08-06T09:01:09","modified_gmt":"2021-08-06T13:01:09","slug":"5-top-cryptocurrency-to-buy-for-long-term-returns-august-2021-week-1","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-top-cryptocurrency-to-buy-for-long-term-returns-august-2021-week-1","title":{"rendered":"5 Top Cryptocurrency To Buy For Long Term Returns August 2021 Week 1"},"content":{"rendered":"

Crypto adoption is growing by the day as several investors looking to maximize returns from the burgeoning industry. According to a Crypto.com report<\/a>, the adoption of virtual currencies has nearly doubled since the remarkable rally of Bitcoin to $65,000. However, how do you know the cryptocurrency to buy for long term gains given the flurry of digital assets available? This article would answer this question.<\/p>\n

1. Bitcoin (BTC)<\/h2>\n

\"BTC<\/p>\n

This top cryptocurrency is a clear favorite of investors, having been around for the longest time.<\/p>\n

Bitcoin has surged more than nine million percent since launching in 2009, marking its entrance into our top cryptocurrency to buy for long term returns.<\/p>\n

The world’s oldest virtual currency is the largest crypto asset by market cap and the most traded by investors. This popularity has seen Bitcoin being adopted by a growing number of businesses and even countries.<\/p>\n

Leading a Bitcoin adoption charge, Latin American nation El Salvador is the first country to list Bitcoin as one of its legal tenders after the US Dollars. This decision has drawn controversies given Bitcoin’s volatility but the second-largest US financial institution Bank of America (BofA) has recently backed the decision.<\/p>\n

According to a statement of approval<\/a> released by the American bank, El Salvador’s Bitcoin adoption was right based on the economic outlook. According to the BofA, Bitcoin adoption would engender more financial inclusion to the unbanked masses in the country, enabling seamless remittances, digitalization, and business operations.<\/p>\n

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#ElSalvador<\/a> El Presidente @nayibbukele<\/a> comparte esta mañana algunas de las oportunidades que @BankofAmerica<\/a> ve en El Salvador, tras la adopción del #Bitcoin<\/a> pic.twitter.com\/08D1RuGFYI<\/a><\/p>\n

— Diario El Salvador (@elsalvador) August 1, 2021<\/a><\/p><\/blockquote>\n