Golden Finance reported that Bitwise CIO Matt Hougan believes that a properly configured Bitcoin and Ethereum portfolio can bring greater returns than a single investment in Bitcoin, while also reducing downside risk. Hougan gave three reasons:

First, he emphasized the importance of diversified investment. Since the future direction of the cryptocurrency market is difficult to predict, holding Bitcoin and Ethereum at the same time can provide investors with certain protection.

Second, Hougan pointed out that the essential differences between Bitcoin and Ethereum make it difficult for investors to choose between the two. Bitcoin aims to become a "better currency", while Ethereum is committed to becoming a "programmable currency" that supports blockchain applications such as stablecoins and DeFi.

Finally, Hougan said that historical data shows that a balanced configuration of Bitcoin and Ethereum in a portfolio can work best.