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 released an online survey on Monday that included 2,549 participants in the crypto world. 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.
Altcoin entry as a sign that the market is healthy
Jonathon Miller of Kraken, the crypto exchange’s general director, told Cointelegraph that investors have begun to start to buy. onboard through other sectorsDeFi and memecoins are examples.
“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 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 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.”
Some users may be worried that they have 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 “Buy 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 When it crosses over 124,000 dollars for the first.
Bruni also said that 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 in the top spot. “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.”
The Zero Bitcoiners will not last for long
Qin En Looi from venture capitalist firm Onigiri Capital said that the early adopters of Bitcoin already have it, but the later majority will not come until Bitcoin is integrated in the traditional financial systems, and can be obtained through wealth managers, banks or retirement products.
“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 marketSimilar to the way gold is still a point of reference in traditional finance.
“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
