ADVERTISEMENT

Now that the Bitcoin halving is over, market analyst Mati Greenspan is once again diversifying his crypto portfolio and re-entering the altcoin market.

Greenspan publicly went all-in on BTC early this month. Now, at time of publishing, about 70% of his crypto portfolio is in BTC, followed by a 9.43% Ethereum allocation, a 6.68% investment in Tezos and a 6.29% investment in Zcash. Small investments in Dash and Litecoin round out his holdings.

In a new edition of the Quantum Economics newsletter, Greenspan says BTC remains his number one pick due to its strong fundamentals, and concerns over rising transaction fees are no reason to jump ship.

“There are at least three dozen cryptos that are cheaper and faster, but none of them have the security, digital scarcity, immutability or liquidity that BTC does.

Bitcoin isn’t very good with micropayents, and the moment I find myself in a Starbucks trying to buy some coffee with crypto, that’s certainly something that I will consider, but as the value proposition of bitcoin is about having an asset that is disconnected from governments and banks and not about making it easier to buy coffee, I really don’t see any reason to ditch the gold standard at this time. You get what you pay for.”

ADVERTISEMENT

As for XRP, Greenspan said in January that he’s bullish on the third-largest cryptocurrency by market cap and does not think it’s a security. However, he remains concerned about the coin’s total supply of 100 billion coins, saying XRP “does not have a credible claim to digital scarcity.”

Bitcoin’s dominance of the overall market cap of all cryptocurrencies currently stands at 66.9%. It has remained above the 60% mark since July of last year.

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Posted in , , , ,

American Crypto Association Exclusives!

Bookmark the site and sign up for relevant alerts, trading tips, masternode updates and important news hosted within our exclusive newsletter. Valued at $3,588, we are offering this service free for one year!

Get onboard now!

Exclusive Newsletter!

Sign up for exclusive trading tips, masternode updates and important news hosted within our newsletter!
!
!
Terms and Conditions checkbox is required.
Something went wrong. Please check your entries and try again.
Scroll to Top