Crypto

The Ultimate Cryptocurrency to Buy With $1,000 Today | The Motley Fool

Published

1 year ago

July 31, 2024

The Ultimate Cryptocurrency to Buy With ,000 Today | The Motley Fool

Investors should keep it simple and consider the world’s premier digital asset.

Bitcoin‘s (BTC -0.79%) earliest investors, particularly those who have been able to hold on through the wild volatility, are probably rich beyond their wildest dreams. The monster gains have continued in recent times, with this top digital asset rising 594% just in the last five years, a much better gain than the Nasdaq Composite index.

Bitcoin is trading just 10% off its peak price, and I still believe it’s the ultimate cryptocurrency to buy with $1,000. Here are three reasons why.

Fixed supply cap

Perhaps Bitcoin’s defining characteristic is its fixed supply cap: There always will be only 21 million coins in circulation. This limit is etched into the Bitcoin source code, and unless the majority of nodes approve a change, it will stay this way. For what it’s worth, I don’t see the hard cap ever being altered because if it did change, it would undermine the value of the entire network.

Bitcoin’s fixed supply is precisely what makes it stand out, versus fiat (government-backed) currencies, such as the U.S. dollar. The Federal Reserve, our central bank, has immense power when it comes to controlling the money supply. Historically, the number of dollars in circulation has gone up astronomically.

This setup is what makes Bitcoin superior to the current monetary network. A constantly debasing currency is troubling enough and a situation in which your dollars lose value over time. But in the U.S., the world’s most powerful economy, the debt problem is becoming too hard to ignore. As of this writing, the country has $35 trillion in outstanding debt, a figure that will only expand due to ongoing fiscal deficits.

It’s anyone’s guess if Bitcoin will one day become the new global-reserve currency. However, you can see why a decentralized and digital monetary network with absolute scarcity has tremendous value. And this warrants making a small investment.

Powerful catalysts

What’s remarkable is that Bitcoin went from an obscure internet money for tech geeks to a legitimate mainstream financial asset. This has never been more obvious than when the U.S. Securities and Exchange Commission approved Bitcoin spot exchange-traded funds (ETFs) in January 2024.

The launch of these spot ETFs can also be viewed as a stamp of approval, one that shows that Bitcoin has arrived and should be taken seriously by leaders on Wall Street and in Washington.

Bitcoin is also becoming a popular political campaigning tool. For example, during the Bitcoin 2024 Conference, which is happening right now in Nashville, former President (and 2024 candidate) Donald Trump is the keynote speaker. It’s difficult to envision a winning president who doesn’t embrace Bitcoin, given that it may be able to attract voters.

Another recent catalyst was the April halving, which reduced Bitcoin’s new supply rate by half. This event happens about every four years and is exactly what enforces the crypto’s fixed supply cap of 21 million coins. Historically, its price has soared in the year-and-a-half after a halving has occurred.

Return potential

Businesses that sell products and services to customers generate revenue and profits. Bitcoin, of course, isn’t set up in the same way. That makes it hard to figure out what its value should be.

Bitcoin is often viewed as a digital version of gold. But I’ve argued before how this cryptocurrency is superior to the precious metal. Gold has a market value of $16 trillion, which is 12 times higher than Bitcoin’s $1.3 trillion. Over time, I don’t think it’s out of the question that the digital asset will match or even eclipse gold.

Therefore, even though Bitcoin has skyrocketed since its launch, it could still produce fantastic returns for investors who can buy and hold for the next 10 or 20 years. This makes it the ultimate cryptocurrency to buy with $1,000.

Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

Crypto

SEC Says Cryptocurrency Scam Took $14 Million From Retail Investors | PYMNTS.com

Published

4 hours ago

December 24, 2025

Press Room

SEC Says Cryptocurrency Scam Took Million From Retail Investors | PYMNTS.com

An investment scam allegedly took $14 million from retail investors by connecting with them on social media and convincing them to fund accounts on fake crypto asset trading platforms.

The Securities and Exchange Commission (SEC) outlined the scam in a Monday (Dec. 22) press release announcing that it filed charges against three purported crypto asset trading platforms and four so-called investment clubs.

The regulator filed the charges against the platforms Morocoin Tech, Berge Blockchain Technology, and Cirkor, and the clubs AI Wealth, Lane Wealth, AI Investment Education Foundation, and Zenith Asset Tech Foundation, according to the release.

The SEC’s complaint alleges that the clubs operated on WhatsApp, used social media ads to solicit investors to join the clubs, gained investors’ confidence in group chats, and lured them to open and fund accounts on the platforms.

It alleges that the clubs and platforms then offered “Security Token Offerings” that in fact did not exist and misappropriated at least $14 million from U.S.-based investors.

The regulator’s complaint charges the defendants with violating anti-fraud laws, seeks permanent injunctions and civil penalties against all the defendants, and seeks disgorgement with prejudgment interest against the three platforms.

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“This matter highlights an all-too-common form of investment scam that is being used to target U.S. retail investors with devastating consequences,” Laura D’Allaird, chief of the Cyber and Emerging Technologies Unit at the SEC, said in the release.

The SEC’s Office of Investor Education and Assistance issued an investor alert about this form of fraud on Tuesday.

The FBI’s Internet Crime Complaint Center (IC3) said in April that cryptocurrency fraud led to at least $9.3 billion in losses reported in 2024, a 66% increase over the previous year. These losses stemmed from investment scams, extortion, sextortion and fraudulent activity involving cryptocurrency ATMs and kiosks.

The Federal Trade Commission (FTC) said in March that consumers reported losing more money to investment scams than any other category of fraud in 2024. Consumers reported losing $5.7 billion to investment scams last year, a 24% increase over 2023.

Digital risk protection platform CTM360 said in July that it identified more than 17,000 fake news sites used by scammers to promote investment fraud. These sites are promoted through fake news articles posted through ad platforms or social media, are designed to look like legitimate news outlets, and publish fabricated stories designed to lure readers into scams.

The Justice Department said in June that it filed a civil forfeiture complaint targeting $225.3 million in cryptocurrency that it said was connected to the theft and laundering of funds from victims of cryptocurrency investment fraud schemes.

Crypto

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

Published

16 hours ago

December 23, 2025

Press Room

Bitwise Turns ‘Really Bullish’ on Ethereum and Solana as Stablecoins Drive Structural Demand Shift

Bitwise says shifting crypto narratives are really bullish for Ethereum, Solana, and stablecoins, citing structural demand, ETF accumulation exceeding issuance, and regulatory momentum that could drive the market’s next growth phase into 2026 and beyond.

Crypto

Summit County Sheriff’s Office recovers over $100,000 in cryptocurrency investigation

Published

1 day ago

December 23, 2025

Press Room

Summit County Sheriff’s Office recovers over 0,000 in cryptocurrency investigation

SUMMIT COUNTY, Ohio (WOIO) – A City of Green resident reported being the victim of a cryptocurrency investment fraud in early October, resulting in a significant financial loss and opening an investigation.

The Summit County Sheriff’s Office Detective Bureau initiated an investigation utilizing detailed information and financial records provided by the victim.

According to a release from the sheriff’s office, there was assistance from Jackson Township Police Department’s cryptocurrency recovery “Trace Team” and detectives were able to successfully trace and recover $110,000 of stolen funds.

The sheriff’s office reminds the public to remain alert regarding cryptocurrency investment scams and fake investment platforms.

These schemes often begin by encouraging small initial investments that appear to generate returns, creating a false sense of credibility.

The sheriff’s office said once trust is established and larger investments are made, the funds are frequently transferred and become inaccessible.

For public safety, people are encouraged to thoroughly search any investment opportunity and exercise caution when dealing with unsolicited or online investment platforms.

The release from the sheriff’s office says that if anyone believes they may be a victim of cryptocurrency or investment fraud, they should immediately contact their local law enforcement agency and file an online complaint with the FBI’s Internet Crime Complaint Center at www.ic3.gov.

The Summit County Sheriff’s Office said it remains committed to protecting the community and working with partner agencies to investigate and combat financial crimes.