According to a recent study by data aggregator CoinGecko, only 55% new crypto holders started their portfolios with Bitcoin. This is considered 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 is a CoinGecko Research 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”
But he thinks, given the growth of geopolitical uncertaintyBitcoin is a currency that has been devalued and its reputation for being the most valuable. “soundest form of money,” Users who avoided the site initially will most likely 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 The low cost of the altcoins, and their sense of community are what often attracts newcomers to the market.
CoinGecko found in its survey that 37% respondents first entered Bitcoin’s space via altcoins.
“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 predicts that crypto’s long-term future will be shaped by new frameworks and the adoption of cryptocurrency is being driven increasingly by consumers. “diverse ecosystems where innovation, culture, and community matter as much as value.”
The users might fear they’ve missed the boat
Tom Bruni is the head of social media platforms for investment, Stocktwits. He told Cointelegraph a lack understanding of and Bitcoin’s frequently rising price Other factors could be considered.
“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 also said that altcoins, stablecoinsBitcoin’s dominance will shrink as other blockchain-related technologies develop, but the technology is likely to 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.”
Magazine: ‘Help! My robot vac is stealing my Bitcoin’: When smart devices attack
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
