That BTC is a safe haven: 7.1 🤔 Some people really dislike BTC. Nonetheless, 65% of all respondents hold BTC, which is still an impressive number.
The main reason why you thought BTC continues to enjoy its premium impression is because of its status of being the first crypto (63%), followed by its stability (32%) and other factors (5%). Nobody thought it was primarily because of ease of buying or recommendations by friends/family 😶
Nevertheless, many still recommend holding a portfolio with BTC in the mix. Some believe it is necessary for hedging one's bets with other cryptocurrencies with sound foundations in the portfolio, especially because it has the most support in moments of uncertainty. Its nice attributes: Most stable, most value, most liquidity, and most-safe-haven-status.
Others were more measured, saying that it is still a good short-term strategy to hold BTC, until people become more knowledgeable about blockchain technology, and a greater choice set of crypto becomes available. (Someone only holding other crypto says his/her recommendation is for half and half Bitcoin and others 😂 I guess today's a good time to buy, my friend!)
On the other hand, several people felt that Bitcoin's technology is falling behind other top 10 crypto, and that investors should be more discerning about the roadmaps of other cryptocurrencies (and not just because it's the original "ticket to the moon" or being a "hodler until death"! 😆) A related argument is that other cryptocurrencies could come along and replace BTC, so it would make sense to diversify and hold some of those too. Another thought was that it's better to buy BTC unless you can buy other cryptocurrencies with fiat, since they tend to lose value compared to BTC over time.
All in all, we got a ton of suggestions about what to cover next, so we will be doing that! Most likely, we will do a section weekly for coin/token deep dives, starting with Top 10 and then going down the list that you guys suggested. Look forward to it 💪
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