Trader Eugene: Bitcoin is still the key configuration in the crypto portfolio in this cycle

Odaily Planet Daily reported that trader Eugene said in his community that in this cycle, if the investment portfolio lacks a core configuration of Bitcoin, its risk-adjusted returns are generally lower than traditional stock market indices (such as the S&P 500). Compared to the 2019–2022 cycle, in which crypto assets as a whole significantly outperformed traditional assets, the compound growth of indicators such as ETH, SOL, and TOTAL3 (total market capitalization excluding BTC and ETH) in this cycle has not exceeded the U.S. stock benchmark. He believes that as the crypto market matures and the public's allocation ratio increases, the era of "achieving financial freedom through crypto assets" is fading away. If you continue to choose to only hold crypto assets in the future without allocating BTC or leveraging BTC, it may become a strategic mistake. Even in cycles of heightened risk appetite, a 2x long BTC position may outperform a 1x long position in other high beta coins.