đCrypto enthusiasts, get ready for a twist! Bitwise CIO Matt Hougan suggests Bitcoin holders might want to diversify with Ethereum. Why? Let's break it down:
1ïžâŁ Diversification: Crypto's future is unpredictable. Holding both BTC and ETH could offer a safety net if one falls out of favor. Remember the dot-com boom? Don't put all your eggs in one basket! đ„đ§ș
2ïžâŁ Different Nature: Bitcoin is "better money," while Ethereum is "programmable money," enabling blockchain apps like DeFi. Adding some ETH to your BTC position broadens your exposure to what public blockchains can do. đđ°
3ïžâŁ Performance: History shows BTC and ETH work best when balanced. A portfolio with a 70/30 BTC/ETH allocation had a higher return over the past four years than a BTC-only portfolio. đđŒ
But, BTC still has its charm. It could be the dominant new form of "money" in crypto due to its massive lead and community orientation. đȘđž
What's your take? BTC only or mix it up with some ETH? Let's chat below! đ #CryptoTalk #DeFi #BTCvsETH