Top Cryptocurrency for a $100 Investment: Why Bitcoin Leads the Pack Right Now

Bitcoin has taken a big drop lately. It fell more than 35% from its highest price ever, now sitting well under $100,000. Many people waited for a price dip to buy, and now it is here.

Why did this happen? Investors pulled back from risky assets like crypto. But this kind of drop is normal for Bitcoin. Just last year in 2023, it dropped even more – almost twice as much. Over the past 10 years, Bitcoin’s price has jumped a stunning 20,900%, even with dips like this. No one gets rich with Bitcoin without handling some ups and downs.

Looking for the ? Bitcoin stands out. Here are key reasons why it is the top pick.

The Bitcoin Dip: Your Chance to Buy Low

The crypto market is full of wild swings. Bitcoin leads the way as the biggest coin by market size. When fear hits, smaller cryptos crash harder. Bitcoin holds up better.

Right now, with prices down, smart buyers see value. Think of it like shopping during a sale. Bitcoin has bounced back from worse spots many times. Its history shows strength over time.

Reason 1: Bitcoin is the Most Trusted and Established Crypto

All cryptos are risky. The whole market has big ups and big downs. In a bear market – when prices fall long-term – you want the safest bet. That is Bitcoin.

Bitcoin is number one. It has the largest market cap. Shops like Microsoft and Tesla accept it for payments. Big banks offer Bitcoin funds. Companies like MicroStrategy hold billions in Bitcoin. People and firms buy it as a store of value.

There is no set price floor, but real demand gives support. More adoption means more buyers. This makes Bitcoin the king in tough times.

Reason 2: Bitcoin Acts Like Digital Gold Against Inflation

Bitcoin was made to fight inflation. Fiat money like the US dollar loses value as governments print more. Over years, the dollar buys less.

Bitcoin has a fixed supply – only 21 million ever. This scarcity makes it like gold, but digital. As money supply grows, Bitcoin’s price in dollars rises. The US runs big deficits, printing money to cover costs. This trend will likely continue.

Gold prices are up now, but Bitcoin dipped as a risk asset. When markets turn bullish again, Bitcoin could surge. It has done this before.

• Key Fact: Bitcoin’s supply halves every four years, making it scarcer.
• Investor Tip: Hold long-term to beat inflation.

Reason 3: Strong Backing from the US Government

The biggest vote of trust comes from the top. President Trump pushed for crypto support. He signed an order to create a US strategic reserve of Bitcoin and other digital assets. It holds about 207,189 BTC now.

This changes everything. Governments holding Bitcoin signals it is legit. It could push banks and firms to buy more. Real uses grow too – payments, loans, ETFs. All this drives demand up over time.

With Uncle Sam on board, Bitcoin’s future looks bright. Institutions may shift from seeing it as risky to a must-have asset.

Why $100 is the Perfect Amount to Start with Bitcoin

You do not need thousands to invest in crypto. $100 gets you started right away. At current prices, it buys a fraction of a Bitcoin – called sats.

Do not put all your money in Bitcoin. Mix it with stocks, bonds, or other assets. This spreads risk. $100 is low enough to test the waters without worry.

After the dip, your $100 buys more Bitcoin than before. If history repeats, this could grow a lot over years.

How to Buy Bitcoin with Just $100 – Step by Step

Ready to jump in? It is easy. Follow these steps:

1. Pick an Exchange: Use trusted ones like Coinbase, Binance.US, or Kraken. They are user-friendly for beginners.
2. Sign Up and Verify: Create an account. Add ID for security.
3. Deposit $100: Link your bank or use a card. Fees are low.
4. Buy Bitcoin: Search BTC, enter $100, and confirm.
5. Store Safely: Move to a wallet like Electrum or hardware like Ledger. Never leave big amounts on exchanges.

Fees might take a few bucks, but you still get solid Bitcoin exposure.

Risks to Know Before Buying

Bitcoin is volatile. Prices can drop 50% fast. Only invest what you can lose. Regulations might change. Hacks happen, so use good security.

But for long-term holders, dips are buy chances. Bitcoin rewards patience.

The Future Outlook for Bitcoin Investors

What is next? More adoption. ETFs bring billions. Countries may add Bitcoin reserves. Halving events cut supply, boosting price.

With $100 in Bitcoin today, you join millions betting on its rise. It could be your best crypto move.

FAQ: Best Cryptocurrency to Buy with $100

Q: Is Bitcoin better than altcoins?
A: Yes for safety. Altcoins are riskier with less track record.

Q: When is the best time to buy?
A: During dips like now, when fear is high.

Q: How much can $100 grow?
A: Past gains were huge, but future is unknown. Think long-term.

Bitcoin is the . Start small, stay patient, and watch it grow.

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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.