Trader Eugene: Bitcoin remains a key configuration in this cycle's crypto portfolio

Odaily Planet Daily News: Trader Eugene stated in his community that in this cycle, if the investment portfolio lacks the core allocation of Bitcoin, its risk adjusted returns are generally lower than traditional stock market indices (such as the S&P 500). Compared to the significant outperformance of traditional assets in the 2019-2022 cycle, the compound growth of indicators such as ETH, SOL, and TOTAL3 (excluding BTC and ETH) in this cycle did not exceed the benchmark of the US stock market. He believes that as the cryptocurrency market becomes increasingly mature and the proportion of public allocation increases, the era of "achieving financial freedom through cryptocurrency assets" is fading away. If we continue to choose to only hold cryptocurrency assets and not allocate BTC or leveraged BTC in the future, it may become a strategic mistake. Even in cycles of increased risk appetite, a 2-fold long in BTC may perform better than a single long in other high beta currencies.