1 Cryptocurrency I'd Buy Right Now
It has been a rough year for Bitcoin (CRYPTO: BTC). Through the first 11 months of 2022, it's down a resounding 65%. Just when it looked like Bitcoin had stabilized at $20,000 after the first crypto market meltdown of the year, along came the FTX market contagion. As a result, Bitcoin is now trading at $16,825, a nearly 75% discount from an all-time high of $68,789.63.
Yet, on a relative basis, Bitcoin still looks more attractive than any other crypto in the market today. So if you are risk-tolerant and looking for one crypto to buy now before the end of the year, Bitcoin is that crypto. Here are four reasons why.
First, and most importantly, Bitcoin has not been caught up directly in the current FTX market contagion. There may still be another shoe to drop in the convoluted FTX saga, but you can sleep at night knowing that Bitcoin was not part of any market shenanigans taking place in the Bahamas.
Source Fool.com
