Guest Post by Nick Giambruno
The biggest mistake you can make in the ongoing Bitcoin bull market would be to get distracted with altcoins—all cryptocurrencies other than Bitcoin.
Many erroneously think that since there are thousands of cryptocurrencies, “crypto” is just another asset class like bonds or stocks, and they need diversification within that asset class.
As you’ll soon see, that would be like adding pyrite to your portfolio to diversify your gold holdings.
Few understand the simple truth that although there are thousands of cryptocurrencies, Bitcoin is the only one with fundamental value.
It’s essential to consider how Bitcoin and altcoins should be classified.
What exactly are they?
Continue reading “The Case Against Altcoins: 3 Reasons To Stick to Bitcoin Only”