- A crypto first-mover that is scarce and growing in adoption
- A smart contracts platform that is ushering in the next evolution of the internet
- A privacy coin that uses advanced technology and has limited supply
When picking cryptos to hold for ten years or more, it is prudent to focus on utility and the coin supply. Crypto should be able to demonstrate a history of high utility and have the potential to grow in adoption over the years.
While economic uncertainties such as the COVID-19 pandemic can affect the market, strong cryptos bounce back. For instance, the recent Chinese crackdown on crypto mining and trading affected the crypto market adversely. However, most strong projects are bouncing back quite strongly and have shown every indication of growth.
Regardless of what happens in the world economy, these three cryptos have what it takes to grow in value long-term. For this reason, they are good candidates to have in a crypto portfolio for the next decade or even longer.
Best Cryptocurrencies to Buy And Hold For The Next Decade
1. Bitcoin (BTC)
Bitcoin is the top crypto candidate for anyone looking to invest in crypto with the next decade or even decades in mind.
One of Bitcoin’s most significant selling points, which makes it attractive to a lot of investors, is its scarcity.
Bitcoin has a capped supply of 21 million coins, and the difficulty of bringing new Bitcoins into existence is ever rising.
This means that all new money that is coming into Bitcoin is chasing an ever-shrinking supply of coins.
Putting the laws of demand and supply to use, Bitcoin can only go up long-term.
This is something that is actually easy to prove by looking at its past. Despite its many ups and downs, Bitcoin’s overall trajectory has been up since it started being mined in 2009.
It started trading at pennies, and of April’s all-time highs, was trading at $64k a coin.
Over the next ten years, Bitcoin could easily hit $1 million, and there are several factors that support such a possibility.
The most important one is the entry of institutional money into crypto. All through 2021, the inflow of institutional money into crypto has been huge.
Institutions are buying Bitcoin directly like Microstrategy is doing it or through derivatives, such as those offered by the Grayscale Bitcoin trust.
All this institutional adoption is happening against a background of capped supply.
There is also the fact that Bitcoin is slowly overcoming some of the factors that have seen some subsets of investors avoid it.
One such issue is environmental sustainability. For a long time, Bitcoin has been viewed as environmentally unfriendly due to the use of fossil fuels to mine it. However, this is changing, as mining moves away from China, and to places like El Salvador where it is being mined using geothermal energy.
All these factors point to crypto, whose underlying value is on the rise, and a perfect bet for anyone looking to play the long game.
Read Also: Pros and Cons of Investing in Bitcoin
2. Ethereum (ETH)
Like Bitcoin, Ethereum is the perfect crypto for someone looking to invest in crypto with a decade or more in mind.
Ethereum derives most of its value from its use in developing decentralized applications.
While many cryptocurrencies have this capability, one thing that makes Ethereum stand out is its network effect.
Being the first cryptocurrency project to have smart contracts capabilities, Ethereum has become the standard for Dapps development over the years.
Its ERC-20 standard has become the crypto standard for anyone looking to create a crypto token.
The entrenched nature of the Ethereum blockchain in the Dapps economy is quite evident in the board composition of the Enterprise Ethereum Alliance. The board is made up of some of the largest corporations in the world, ranging from Microsoft, Accenture to BNY Mellon.
With decentralization taking root as the next evolution of the internet, there is no doubt that Ethereum will be at the center of it. This could see it significantly grow in value over the decade and beyond.
Besides its strong grip on the Dapps economy, Ethereum is working to eliminate most of the problems that its competitors capitalize on.
A lot of “Ethereum killers” are built to capitalize on Ethereum’s scalability problems. However, these problems are likely to come to an end once Ethereum 2.0 is fully implemented.
The process started in December 2020 and is expected to be completed at any point in 2022. This could see Ethereum consolidate its position in the Dapps economy, especially in DeFi.
Ethereum is pretty scarce too. While it does not have a capped supply like Bitcoin, the process of bringing new ETH into existence is complex.
Therefore, as its usage continually grows in everything from DeFi to gaming Dapps, it will rise. It’s a crypto with pretty good prospects for many decades to come.
3. Zcash (ZEC)
Zcash is a pretty good candidate for crypto that you can hold for the next decade and expect growth.
While there is little hype around privacy coins these days, privacy remains a key asset in a world that is increasingly digitized.
The key factor that will drive Zcash, and other privacy coins are the increased government interest in the crypto market through regulations.
This coupled with the launch of CBDCs (Central Bank issued Digital Currencies) that expose all individual transactions to central banks will heighten the need for privacy.
Zcash happens to be one of the most known privacy coins in the market today, and that is a plus to its long-term adoption.
On top of that, it has one of the most superior privacy technologies in the market. Zcash uses a technology called Zk-Snarks.
This is a technology that allows for a transaction to happen without revealing private keys or requiring interaction between the sender and the transaction verifier.
Zcash is also pretty immune to the regulatory risk that faces privacy coins as governments intensify their oversight over the crypto market. That’s because it has the option for non-private transactions.
It also has a pretty limited supply. That’s because it works pretty much like Bitcoin, and has a capped supply of 21 million coins.
This means as demand rises, it will be chasing an ever-shrinking number of coins. This has contributed to the coin’s strong performance in the past, and could also play to its growth over the next decade.
Check Out: ZCash Price Prediction for 2025 and 2030
eToro – The Best Platform to Buy Cryptos
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.