Twelve months ago, bitcoin was trading at $5,355. In the last few weeks, it broke $60,000 hitting another all-time high of over $61,500. That’s a 1,048% return over the last year.
If that’s not spectacular enough, consider that bitcoin has gained over 100% since the start of January 2021.
Since then PayPal has started offering cryptocurrency-related services, Goldman Sachs created a crypto dedicated trading desk and Tesla bought $1.5 billion worth of Bitcoin and just a few days ago announced that you can now buy their cars using Bitcoin
Big-name corporates and investment banks have also changed their tone with crypto and have come out with price predictions suggesting the current bull run still has plenty of headroom. As the graph below shows, Bitcoin was by no means the top-performing cryptocurrency over the last year. It was outperformed by Cardano (3,674%), Binance Coin (1,892%), Polkadot (1,174%), Ethereum (1,133%), and Chainlink (1,111%).
Bear in mind that these are highly volatile assets and can move well over 30% up and down each month.
Virtually all of these smaller cryptocurrencies, known as alternative coins or “altcoins,” are constituents in the Revix Top 10 Bundle, which has grown in unit value by more than 1,060% over the last 12 months – well ahead of bitcoin’s 12-month return. Revix, backed by JSE-listed financial services firm Sabvest, was established in 2018 with the aim of making it safe and simple to invest in both individual cryptocurrencies and ready-made crypto “Bundles.”
The benefits of buying a Revix crypto kit
One of the advantages of investing using the Top 10 Bundle is that it equally weights each of the top 10 largest cryptocurrencies as measured by market capitalization.
Revix’s Founder and CEO, Sean Sanders, a Chartered Financial Analyst (CFA) who previously worked as a portfolio manager, explains, “If you were to buy a Top 10 Bundle that was market-weighted, you’d have roughly 73% of your total investment in bitcoin and Ethereum alone. That’s not a diversified crypto portfolio and it’s actually increasing your concentration risk in the largest two cryptocurrencies.”