Key Points

• Both Bitcoin and Ethereum appear to be significantly undervalued, given their recent market slide.

• Gold-backed stablecoins are a new way for crypto investors to get exposure to the price of gold.

• Using spot crypto ETFs, it’s possible to adjust allocations to Bitcoin and Ethereum over time.

• 10 stocks we like better than Bitcoin ›

It’s impossible to ignore what’s happening in the crypto market right now. Prices of top cryptocurrencies are down as much as 30% to start the year, and the number of top cryptocurrencies posting positive returns for the year has dwindled to a small handful.

With that in mind, I’m taking a defensive approach right now. I’m choosing cryptocurrencies that offer plenty of downside…