Matt Hougan: Why Diversify Your Crypto Portfolio Beyond Bitcoin

In a recent client note, Matthew Hougan compares Bitcoin’s dominance to Google’s surge in 2004, highlighting that while Bitcoin is the ‘king’ of crypto and holds potential to become a global currency, it shouldn’t be the sole asset in a portfolio. He notes the growing importance of Ethereum’s resurgence, up 40% in the last week, as evidence of increased momentum across the cryptocurrency market as a whole. This resurgence has reignited discussions around diversifying beyond Bitcoin as the crypto market matures and institutional interest increases. Hougan emphasizes that Bitcoin is a vital foundation, but not all-encompassing.