Now that the Bitcoin halving is over, market analyst Mati Greenspan is diversifying its crypto portfolio again and re-entering the altcoin market.
Greenspan went public all-in on BTC early this month. Now, at the time of publication, about 70% of its crypto portfolio is in BTC, followed by an Ethereum allocation of 9.43%, a 6.68% investment in Tezos and a 6.29% investment in Zcash. Small investments in Dash and Litecoin round off his positions.
In a new edition of the Quantum Economics newsletter, Greenspan says BTC remains its number one choice due to its strong foundations and concerns about rising transaction costs are no reason to jump off the ship.
“There are at least three dozen cryptos that are cheaper and faster, but none have the security, digital scarcity, immutability or liquidity that BTC has.
Bitcoin isn’t very good with micropayments, and the moment I find myself in a Starbucks trying to buy some coffee with crypto, that’s definitely something I will consider, but since bitcoin’s value proposition is about having an asset disconnected from governments and banks and not to make buying coffee easier, I really don’t see any reason to ditch the gold standard right now. You get what you pay for. ‘
As for XRP, Greenspan said in January that he is bullish on the third largest cryptocurrency by market capitalization and does not think it is a security. However, he remains concerned about the total supply of 100 billion coins, saying XRP “has no claim to digital scarcity.”
Bitcoin’s dominance in the total market capitalization of all cryptocurrencies is currently 66.9%. It has remained above the 60% mark since July last year.