I fully agree with your recommendation to follow a buy and hold strategy when it comes to cryptocurrencies. Buying and maintaining a basket of the top 20 currencies in terms of market cap is also a reasonable advice. The promise that I don't agree with is that one couldn't loose long-term with this strategy. Simply because nobody knows at this time point how our governments will react as soon as cryptocurrencies start going mainstream. The underlying blockchains may well be immune to any regulatory influence, but governments could implement laws that would penalize the creation, possession and distribution of cryptocurrencies - similiar as this is the case for false money. This would make mass adoption impossible. I absolutely hope that this is not going to happen but I wouldn´t say that this possibility can be neglected. Therefore, I would recommend to invest only those amounts that one could afford to loose.
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Goverments and banks are already investing in blockchain technologies because they are safer and more efficient. don't worry about that. early coins will thrive more than existing S&P 500 companies. screeshot this and lets talk again in 10 years :)
Of course they do, and in particular the banks keep mentioning that its about the blockchain tech, not the cryptocurrencies that bear the real transformative power. What else should they say...I´m actually as optimistic as you are regarding the future value of the current top 20, yet I wouldn´t deny that there are (and will be) strong players who have their reasons to position themselves against cryptocurrencies.