‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows

📆 22/06/2023 21:45:00
📰 Cointelegraph

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Analysis from K33Research shows that a Bitcoin only investment strategy significantly outperformed an altcoin-based portfolio since 2015.

. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio.bull and bear market cycles

In 2013, BTC peaked around $1,175 and after that followed a downtrend for two years. At the time, the altcoin market was in its nascent stage. The fiat onramps to Bitcoin were limited and exchanges to convert them to altcoins were rare.had occurred. A few exchanges had also propped up that supported conversion of Bitcoin to other cryptocurrencies, paving the way for an altcoin market.

Nevertheless, in the aftermath of the bull market, altcoins suffered relatively larger losses than Bitcoin. It suggested that altcoins surged primarily as users bought them during Bitcoin bull markets with the hope of capturing higher returns.

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