NickGiambruno on Nostr: Many erroneously think that since there are thousands of cryptocurrencies, ...

Many erroneously think that since there are thousands of cryptocurrencies, “crypto” is just another asset class like bonds or stocks, and they need diversification within that asset class.

That would be like adding pyrite to your portfolio to diversify your gold holdings.

https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/