Bitcoin’s Role in Crypto Shrinks as Altcoins Gain Popularity
TLDR
- Only 55% of new crypto investors began with Bitcoin according to CoinGecko.
- 37% of new users entered crypto through altcoins instead of Bitcoin.
- Altcoins’ lower prices and strong communities drive retail crypto growth.
- Bitcoin remains an anchor in crypto portfolios despite rising altcoin interest.
Bitcoin has long been the dominant entry point for new crypto investors, but recent trends show a shift in the crypto market. According to a CoinGecko survey of 2,549 crypto participants, only 55% of new crypto owners began their journey with Bitcoin. This change signals a broader evolution in the cryptocurrency ecosystem, where altcoins and other blockchain narratives are gaining traction as alternative entry points for…
