eToro Senior Market Analyst Mati Greenspan revealed his favorite three cryptocurrencies to hold for the long term. | Source: Shutterstock; Edited by CCN
eToro senior markets analyst Mati Greenspan isn’t one to mince words. When responding to a query on entry-level crypto investing, the portfolio manager didn’t hesitate to point out the top three cryptocurrency choices that are currently piquing his interest:
Hi Paul. My top three favorite cryptos right now are BTC, LTC, & BNB.
This is not trading advice. I don’t know the future. Also, my personal portfolio & opinions tend to shift over time.
That said, diversification is key and you should always explore other markets as well. https://t.co/90w0awa6Wa
— Mati Greenspan (@MatiGreenspan) September 8, 2019
Greenspan’s favorite three coins for the long term include the likes of bitcoin, Litecoin, and Binance Coin. He also told CCN the reason behind one of his surprising picks. Let’s briefly run through some fundamentals and see how his picks stack up.
Bitcoin is the no-brainer on this list. Crypto’s flagship currency couldn’t be healthier. The number of resources committed to its network, or hash rate, continues to climb to record-breaking heights.
It’s combined computing power is rapidly approaching the 90 million tera hash mark, which unequivocally makes it the most secure blockchain around.
Bitcoin may be slower than its younger cousins, however, it has largely outperformed this year, registering an impressive 180% gain since January.
Most noteworthy, Greenspan’s portfolio currently includes a hefty weighting of 5.68% in Bitcoin.