Bitcoin remains at the forefront of the cryptocurrency investment scene, with almost 50% of retail investors identifying it as their main asset, as revealed in a recent survey. The survey, uncovers important insights into the asset allocation strategies of crypto enthusiasts. The survey reveals that 48% of participants dedicate a substantial part of their crypto portfolios to Bitcoin. Notably, 28% of those surveyed reported that Bitcoin serves as their primary investment, alongside a limited array of altcoins. Another 20.4% of participants have portfolios that are predominantly focused on Bitcoin.
These strategies showcase a robust conviction in Bitcoin’s potential, as some investors anticipate a shift towards altcoins, while others steadfastly support Bitcoin irrespective of market fluctuations. On the flip side, 25% of those surveyed prioritize altcoins, while 17.3% keep a balanced distribution between Bitcoin and other cryptocurrencies. Additionally, 10.2% concentrate mainly on altcoins, while Bitcoin occupies a lesser position in their investment portfolios. A significant 15.9% of participants deem Bitcoin irrelevant, opting to invest exclusively in altcoins for the prospect of greater returns. In the wake of the 2024 Bitcoin Halving, the strategies employed by investors have shown considerable variation.
The survey reveals that 34.6% of participants have chosen to hold their Bitcoin, showcasing a long-term bullish sentiment. Moreover, 26.2% have participated in dollar-cost averaging, consistently boosting their Bitcoin holdings. However, 17.3% of participants have stayed on the sidelines with minimal involvement post-Halving, while 11.1% have been selling to take profits or reduce their exposure. According to the survey, 10.7% of respondents are engaging in active trading of Bitcoin, which includes short-term buying and selling strategies.
A significant 68% of respondents classified themselves as long-term investors, whereas 20% identified as traders, 7% as builders, and 5% as spectators. The majority of participants hailed from Europe, accounting for 31%, followed by Asia at 26%, and North America at 22%. The survey sample showcased a diverse range of crypto experience, with 38% participating in their first market cycle, 41% navigating their second, and 21% comprising seasoned veterans in the space.