. 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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