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

📆 6/22/2023 8:45 PM
📰 Cointelegraph

⏱ Reading Time:
33 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal – Mining Bitcoin NewsCleanspark announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia.
Source: BTCTN - 🏆 531. / 51 Read more »