According to coinmarketcap.com, there are 56 million different cryptocurrencies out there. For investors looking to allocate their hard-earned capital, it can be extremely difficult to determine where to direct their attention. But the best place to invest is hiding in plain sight.

If you’re ready to invest $1,000 in the crypto asset class, here’s the best way to do so.

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Consider the oldest and most valuable digital asset

Focus on Bitcoin (BTC +0.42%), the oldest and most valuable digital asset. Bitcoin’s first block was mined in January 2009, making the cryptocurrency almost 18 years old. Its current market capitalization of $1.3 trillion represents 58% of the entire crypto industry. This remains the most…