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When it comes to cryptos, expect the unexpected.
Be it Bitcoin or the altcoin space, the crypto asset movement has surprised investors. After an extended crypto winter, the light finally seems to be at the end of the tunnel. As Bitcoin (BTC-USD) trends higher, there is a strong case for another major bull market for cryptocurrencies.
However, keep expectations subdued and look at some quality ideas that can deliver 10x to 15x returns by 2030. The last bull market saw several coins and tokens surging by 10x or 20x within a few months.
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I focus on blue-chip ideas from the crypto space rather than purely speculative projects. I would not be nervous about holding these cryptos for the long term.
Let’s discuss three cryptos to buy and hold as a new bull market takes shape.
Bitcoin (BTC)
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Bitcoin has surged 77% in the last 12 months, and it’s just the beginning of the new bull market. With the approval of the Bitcoin spot ETF, Cathie Wood believes that the cryptocurrency can touch $1.5 million by 2030. Even if we look at relatively conservative estimates, 10x or 15x returns by 2030 seem likely.
A big factor that’s likely to support Bitcoin’s upside is limited supply. Crypto users will likely swell to one billion by 2030. As demand surges, cryptocurrency will trend higher. It’s also worth noting that Bitcoin halving is due this year and will support positive price action.
There was a time when Bitcoin was considered a better asset than gold in an inflationary environment. With expansionary monetary policies likely this year, there is a strong case for Bitcoin surging as the dollar weakens.
Ethereum (ETH)
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Ethereum (ETH-USD) is another blue-chip cryptocurrency with 10x to 15x potential by 2030. In the recent rally, Ethereum has underperformed Bitcoin. I, however, believe that ETH is positioned for a big rally in the coming years.
One reason to be bullish on Ethereum is that the project development is 55% completed after the merge. In comparison, Bitcoin is 80% complete. This leaves room for significant improvement in the network, and impending developments include increasing transaction speed and reducing the cost.
It’s also worth noting that there is an impending case for an Ethereum spot ETF. If that happens in 2024, cryptocurrency will skyrocket. Ethereum will also benefit from the rising adoption of cryptocurrencies globally. New investors prefer exposure to Bitcoin or Ethereum to riskier altcoins.