According to BlockBeats, on May 14, Bitwise Chief Investment Officer Matt Hougan stated in a recent report that Bitcoin is the king of crypto assets, akin to 'digital gold', and is the only cryptocurrency expected to become a significant global currency.
He pointed out that despite Bitcoin's important status, most investors should still hold other crypto assets. Ethereum has risen 40% in the past week, prompting investors to consider diversifying beyond Bitcoin.
