$BTC

According to Odaily, trader Eugene highlighted in his community that wallets without a central allocation of Bitcoin have generally underperformed compared to traditional equity market indices like the S&P 500 in the current cycle. Unlike the period from 2019 to 2022, where crypto assets significantly outperformed traditional assets, indicators such as ETH, SOL, and TOTAL3 (the total market capitalization excluding BTC and ETH) have not outperformed U.S. equity benchmarks in this cycle. Eugene suggests that as the crypto market matures and public allocation increases, the era of achieving financial freedom solely through crypto assets is fading. He warns that continuing to hold only crypto assets without Bitcoin or leveraged Bitcoin could be a strategic mistake. Even in cycles with increased risk appetite, a long 2x position in Bitcoin could outperform a single long position in other high beta cryptocurrencies.