This 1 Cryptocurrency Is The Only One I'm Willing to Buy Hand Over Fist Right Now

So there are no direct risks to its value either in the near term or the long term. Therefore, as long as the coin has a handful of evangelists who are willing to buy it at any price, as I am, there will continue to be a persistent level of demand, which, when considering its supply dynamics, probably will slowly drive up prices over the long run.
Knowing the points above, and knowing that my time horizon for Bitcoin is to hold it for 20 or 30 years, there simply is not much of a reason to stop my regularly scheduled purchases. Bitcoin isn't going to get any easier to make, and in the big scheme of things, major holders are going to keep accumulating it to take supply off the market. The price today is a distraction.
Altcoin investments are on pause, not cancelled
As bullish as I may be on Bitcoin, the same is not true of altcoins at the moment, including those that I've held dear like Solana. There's no need to rush to sell, and there's no need to stop investing in them altogether, but more caution is now warranted compared to just a few weeks ago.
In short, the largest altcoins in the cryptocurrency sector are not necessarily very insulated from economic downturns at all. It's a no-brainer that they're riskier than Bitcoin because they're smaller and less established overall. But it's in times of turbulence that additional risk exposure can cause real problems for investors, and potentially problems that won't blow over once economic conditions improve.
It isn't that the core investment theses of the top altcoins are suddenly invalid, or that I'm selling them as a result of economic instability or tariffs. It's that their recovery is not at all guaranteed because many of them rely on the quality of the (typically highly risky) projects their blockchain ecosystems to continue to attract new capital to invest.
When investment dollars allocated to high-risk plays start to run short due to investors losing their nerve in perilous times, those ecosystems start to shrink. For them to recover, new projects, most likely in newly emerging growth segments, need to launch and find traction -- and that's something that is a lot harder to do in a shaky economic environment.
I'm still a buyer of certain altcoins these days, and you could be too. But when it comes to picking between altcoins and Bitcoin, for now, it makes more sense to lean toward the somewhat safer and longer-term play, as a lot needs to go right for the riskier options to deliver, and the environment might not be right for that to happen for a while.
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Alex Carchidi has positions in Bitcoin and Solana. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy.
This 1 Cryptocurrency Is The Only One I'm Willing to Buy Hand Over Fist Right Now was originally published by The Motley Fool