According to Matt Hougan, discussions among investors have intensified about starting to diversify cryptocurrency portfolios. The expert compared the current situation to the internet market of 2004, when Google's (NASDAQ:GOOGL) leadership did not prevent companies like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) from achieving substantial returns.

"Bitcoin leads in capitalization and liquidity. But blockchain, like the internet, is a universal technology. Beyond money, it allows for the creation of decentralized applications, tokenization of assets, and changes in business models. By 2030, it is unknown which asset will show the best dynamics. But if we believe that blockchain will change everything, diversification makes sense," Hougan said.

Investors who view cryptocurrency only as a tool for inflation protection may hold bitcoins in their portfolio. Others should allocate capital among other virtual coins and not try to predict future leaders, believes the investment director of Bitwise. In his opinion, actively managed funds underperform indices 97% of the time, and this is especially true in the crypto market — here it is better to invest "in the overall picture."