From Yahoo Finance: 2025-05-19 08:30:00

In the volatile world of cryptocurrencies, Bitwise CIO Matt Hougan suggests that investors may be missing out on substantial gains by only holding Bitcoin. He likens the current crypto landscape to the internet in 2004, urging diversification beyond the dominant asset. Altcoins have surged recently, with Ethereum, XRP, and Solana experiencing notable gains.

Hougan emphasizes the importance of owning a basket of crypto assets beyond Bitcoin, comparing blockchain technology’s potential to the internet’s various verticals. He notes the recent resurgence of altcoins like Ethereum, XRP, and Solana, attributing it to a general risk-on shift in the market due to easing global trade tensions and cooling inflation data.

As altcoins gain traction, investors are urged to consider a diversified crypto portfolio to maximize potential returns. Hougan’s insights underscore the dynamic nature of the cryptocurrency market and the value of strategic investment decisions beyond Bitcoin’s dominance.



Read more at Yahoo Finance: Bitwise Investment Chief Makes Case For Diversified Crypto Exposure, Compares It To Internet In 2004