3 Best Cryptocurrencies Redditors Are Buying

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1. Bitcoin 

Bitcoin is the oldest decentralized cryptocurrency that has first-mover advantage in the crypto universe. It has managed to build a global ecosystem, with millions of crypto enthusiasts investing in the currency. Bitcoin remains the crypto market leader even after more than a decade of its launch and after multiple currencies turning up in its wake. It is the safest form of crypto investment and one of the best cryptocurrencies that Redditors are buying. 

Alphabet Inc. (NASDAQ:GOOG) is one of the most prominent companies looking to explore crypto and blockchain potential, with heavy investments in the space. Among the hedge funds tracked by Insider Monkey, Alphabet Inc. (NASDAQ:GOOG) was part of 153 hedge fund portfolios at the end of Q2 2022, compared to 160 in the earlier quarter. Harris Associates is a notable stakeholder of Alphabet Inc. (NASDAQ:GOOG), with 1.75 million shares worth $3.8 billion. 

Here is what Baron Durable Advantage Fund has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q2 2022 investor letter:

“Alphabet Inc. is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”

You can also take a look at 12 Best Communication Stocks To Buy and 10 Best Cheap Technology Stocks To Buy

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