King of the Hill: Top Crypto Investor Explains Why Altcoins Are Highly Risky

As surprising as this may seem, Bitcoin has been underperforming its crypto ilk over the past few weeks; data from CoinMarketCap shows that Bitcoin dominance — the percentage of this market made up by BTC — has fallen from 66% to 64.9% in the past three days. To further contextualize this, as of the time of this article’s writing, Bitcoin has fallen 6% in the past 24 hours while both Ethereum and XRP have posted relatively strong performances of -3%. There’s little to explain this trend; in fact, a top crypto investment fund recently reduced its exposure to altcoins and increased its allocation to Bitcoin. Here’s why it did that.

Crypto: Will Bitcoin Outperform In This Crisis?

In “Crypto In This Crisis: Pantera Blockchain Letter, March 2020,” Dan Morehead and Joey Krug of blockchain-centric fund Pantera Capital explained that Bitcoin will “probably out-perform other tokens for a while,” explaining that it is one of the crypto projects that are entrenched and doesn’t rely on funding per se: Read More...

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