Trader Eugene: Bitcoin is still the key configuration in the crypto portfolio in this cycle

Odaily News Trader Eugene said in his community that in this cycle, if the investment portfolio lacks a core allocation of Bitcoin, its risk-adjusted returns are generally lower than traditional stock market indices (such as the S&P 500). Compared with the overall significant outperformance of crypto assets in the 2019-2022 cycle, the compound growth of indicators such as ETH, SOL and TOTAL3 (the total market value excluding BTC and ETH) in this cycle did not exceed the US stock benchmark.
He believes that as the crypto market matures and the proportion of public allocation increases, the era of "relying on crypto assets to achieve financial freedom" is fading. If you continue to choose to only hold crypto assets in the future without allocating BTC or leveraged BTC, it may become a strategic mistake. Even in a cycle of increased risk appetite, the performance of 2x long BTC may be better than single long other high-Beta currencies.