🎉Hey, BTC enthusiasts! 🚀 Bitwise CIO Matt Hougan has some food for thought for Bitcoin ETF holders. He suggests considering diversifying into Ethereum (ETH) for three reasons. 🤔

Firstly, diversification is key in the unpredictable crypto world. 🌐 Holding both BTC and ETH could provide a safety net if one asset falls out of favor. Remember the dot-com boom? Some got the big picture right but missed on specifics. 😢

Currently, Bitcoin holds a 55% share of the crypto market, with Ethereum at 18.6%. Although ETH has been flat against BTC over the past five years, it did get a modest boost with the approval of a U.S. spot ETF last month. 📈

Secondly, BTC and ETH are fundamentally different. Bitcoin aims to be "better money," while Ethereum is "programmable money," enabling blockchain applications like stablecoins and DeFi. Adding some ETH to a BTC-heavy portfolio could broaden your exposure to the blockchain world. 🌐

Lastly, historical performance shows that BTC and ETH work best when balanced together in a portfolio. A portfolio with a 70/30 BTC/ETH allocation had a higher cumulative return and a lower "maximum drawdown" than a BTC-only portfolio over the past four years. 📊

However, Hougan acknowledges that there's a solid reason to stay BTC only. Bitcoin has a massive lead and is likely to be the dominant new form of "money" in crypto. As Hougan says, "Money is a massive market. There’s plenty of space for BTC to run if it succeeds." 🏃‍♂️💨

So, BTC lovers, what do you think? 🤔 Is it time to diversify into ETH? Or is BTC still the king? 👑