My friend wants to change his portfolio to only Bitcoin. Do you see reasons with him?

[Fidelia]

A friend of mine has just told me that Bitcoin is the only true crypto. He has been expecting the altcoin season that seems never to come. He said after this cycle, he is changing his crypto portfolio to only Bitcoin.

Do you think it is justifiable to change the portfolio to only Bitcoin?

 

[eLdavis]

Personally i think it would be better if he had Multiple coins rather than just having only Bitcoin, but then again he must have his reasons.

 

[King Belieal]

To a reasonable extent, I think that Bitcoin gives some assurance when it comes to crypto investment beyond any other crypto.

 

[Kross]

With what bitcoin has done, I won't blame anyone that wants to invest only on bitcoin. It is phenomenal.

 

[magnus2022]

Diversification is far more better! But bitcoin recent bullrun can be so tempting! Bitcoin is becoming investors rallying point now. In investment, diversification can be a life saver.

 

[riberet19]

I think diversification is better in general, but seeing the returns of Bitcoin vs altcoins, I can understand in some way his thoughts.

 

[Trush Jodie]

With the woeful performance of altcoins lately, I won't really blame anyone that wants to hold only Bitcoin on his or her portfolio. It is pragmatism.