According to a recent study by data aggregator CoinGecko, only 55% new crypto holders started their portfolios with Bitcoin. This is considered by analysts as a sign that the market has matured.
CoinGecko, a data-aggregator that surveyed 2,549 cryptocurrency participants on Monday also released a survey. found Only 10% of respondents had ever purchased Bitcoin.BTC).
“In other words, Bitcoin has become less likely to be the onboarding mechanism over time, as other narratives and altcoin communities have emerged and gained traction,” Yuqian Lim, a CoinGecko researcher and analyst.
Altcoins are a good sign for a healthy market
Jonathon Miller of Kraken, the crypto exchange’s general director, told Cointelegraph that investors have begun to start to buy. onboard through other sectorsDeFi, memecoins and other similar currencies are available.
“This is testament to the growth and maturity of the crypto ecosystem: Bitcoin is no longer the only major asset, while access is becoming increasingly frictionless and making it easier than ever for newcomers to engage with emerging narratives,” “He said”
He also believes that the increasing geopolitical uncertaintyBitcoins’ reputation as the currency of choice and ongoing debasement are both factors that contribute to Bitcoins’ continued popularity. “soundest form of money,” Users that initially avoided this site will probably return.
“Over time, many crypto market participants initially drawn in by more speculative trends will come to recognize Bitcoin’s enduring importance and adjust their portfolios accordingly.”
Altcoins: Why they appeal
Hank Huang is the CEO of Kronos Research, a quantitative trading company. He told Cointelegraph, that investors who bypass Bitcoin Altcoins are attractive to newcomers because of their low costs and sense of community.
CoinGecko’s study found that 37% entered through altcoins rather than Bitcoin.
“As crypto adoption grows, more investors will bypass Bitcoin, drawn to lower-cap altcoins and vibrant communities. This reflects a maturing market where diversification drives participation,” Huang said.
“The hype gravitates toward Sol, ETH, and memecoins, turning Bitcoin from the default entry point into just one of many destinations in crypto.”
Huang believes that the future of crypto will not be solely determined by Bitcoin. It faces new competition, while adoption is driven more and more by blockchain. “diverse ecosystems where innovation, culture, and community matter as much as value.”
Some users may be worried that they have missed the boat
Tom Bruni told Cointelegraph, the Head of Markets at Stocktwits – a social media investment platform – that there is a general lack of knowledge and understanding about how to use these platforms. Bitcoin’s frequently rising price There are other factors that could affect your decision.
“While crypto natives believe the industry is still in its infancy, onlookers may feel that if they didn’t acquire Bitcoin at lower levels, then they’ve already missed the boat, as it has traded over $100,000,” “He said”
“This recent bull run has seen significant outperformance from certain altcoins, and the desire to find a “Cheaper” crypto than Bitcoin to invest in has driven people further out on the risk spectrum into the altcoin and memecoin markets.”
Bitcoin will reach new highs multiple times in 2025. latest coming on Aug. 14 The first time it crossed the $124,000 mark.
Bruni added: altcoins, stablecoinsBitcoin’s dominant position should diminish as blockchain technology and related technologies continue to grow. However, it is still likely that Bitcoin will remain dominant. “anchor in many people’s portfolios.”
Related: Crypto needs to remove friction for the next billion users: Coinbase
“Ultimately, performance drives allocation decisions, so as long as Bitcoin’s returns keep pace with the rest of the ecosystem, it’s unlikely that more people will have zero exposure,” “He said”
“Right now, performance is good, but if the market slips, it could serve as a catalyst for people to retreat into Bitcoin as the more stable and institutionalized crypto option.”
No Bitcoiners are here to stay
Qin En Looi of venture capital firm Onigiri Capital told Cointelegraph that early adopters have already purchased Bitcoin. However, the majority won’t be able to purchase it until the cryptocurrency is integrated into the financial system and accessible via banks, wealth management firms, retirement products, etc.
“As this infrastructure matures, we’ll likely see fewer with zero exposure, but the curve will be slower than many expect because it depends on trust being built systematically,” “He said”
En Looi believes that Bitcoin will never disappear because it is the standard for all other currencies. broader crypto marketThe same way that gold remains a standard in finance, the blockchain will be used to create a new reference.
“What we’re seeing is less a decline in relevance, but the broadening of what is relevant, where stablecoins, tokenized assets, and application-layer projects now share the spotlight.”
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Source: cointelegraph.com
