Is it still worth buying altcoins? Many people still don't understand the truth behind this bull market.
I've been in the cryptocurrency world for many years and have experienced several bull and bear cycles, but this bull market is truly different.
In past bull markets, new investors poured in like a tide, and the market was driven entirely by sentiment. Back then, simply buying an altcoin would see its value rise, and everyone thought they would be the lucky ones to "get rich overnight."
But this time is different. There's no such bustling "everyone rushing to altcoins." Instead, institutional funds are quietly investing.
Put yourself in their shoes. If you were a fund manager managing billions, would you go all-in on an unheard-of altcoin or a washed-up meme? No way!
You also have to write an investment report, explain the investment rationale to your superiors and shareholders, and demonstrate the project's compliance, potential returns, and risk management. Any random coin simply can't pass that test.
Institutional funds naturally gravitate towards leading projects with large market capitalizations, high transparency, and strong regulatory compliance, especially high-quality coins from the United States.
They are more likely to gain regulatory approval and convince investment committees to approve them.
Therefore, this bull market's capital will likely see its first wave of investment in major cryptocurrencies. For ordinary investors looking to profit, it's better to first hold onto the "big meat" favored by these institutions, rather than diving headfirst into less popular altcoins, ultimately leaving them with nothing to show for it.
Of course, if new investors enter the market en masse and market sentiment is thoroughly ignited, altcoins may experience a minor "chaos" rally, but that's when risks and opportunities collide—those who manage to get on board are experts at navigating the razor's edge.
Until then, holding onto major cryptocurrencies is the most reliable strategy for survival.
