CoinGecko: 15.9% of Users Solely Allocated to Shitcoins, Deeming Bitcoin Irrelevant

BlockBeats News, September 26th, CoinGecko released a report on the "Dominance of Bitcoin in Cryptocurrency Portfolios," where nearly half of retail investors believe that BTC is the most important asset in their holdings. It is noteworthy that 20.4% of participants have almost entirely built their portfolios around Bitcoin. The most popular allocation strategy is holding Bitcoin and a small amount of altcoins, with 28.0% of market participants adopting this strategy, reflecting a potential preference for being Bitcoin-denominated while waiting to pivot to the riskier altcoins.

Meanwhile, a quarter of market participants believe Bitcoin is less important and value altcoins more. 17.3% of users have an equal allocation of altcoins and BTC in their portfolios, while 10.2% of users have the majority of their funds in altcoins, with a small share in Bitcoin—typically pursuing a higher risk, higher reward strategy.

On the other hand, 15.9% of market participants consider Bitcoin to be completely unimportant and choose to only allocate to altcoins. These investors believe that Bitcoin has limited upside compared to other cryptocurrencies, or completely avoid Bitcoin due to other factors.