I started writing out this blog when btc was hovering around $15000 and people here were all hyped about alts and defi. While all new technologies are interesting I have seen that bitcoin itself has stood the test of time. It has fought off govts, and alot of altcoins to still survive and then thrive.
For those of us who have been in this field during all the ups and downs (even though I dont consider myself as one of them as I entered the arena back when it was around $700 and went down to $120) there is always going to be greed driven investment in alts when the new users enter the markets. The popular belief unfortunately is that this is a get rich quick scheme. If we follow btc we see that after its birth we saw magnitude of other coins launched back then the full blockchains and stand alone coins were launched as ICO. Ether itself was a ICO that launched its own blockchain which including smart contracts. This was followed by the hype of launching ico's on ether. Everyone wanted to get into an ICO and there was talks of replacing shares with ICO which hasent happened yet. About 2 years down the road all the hype shifted to masternodes and how they were the future of digital money. Mean while the cycle of ups and downs continued on bitcoin for it to touch $20000 and fall back to $3000 this caused many to predict that it was over for bitcoin. Now the hype is all around defi and bitcoin after that drop reached all time highs of above 42000 to settle back at 32000+ range.
The point I am trying to make is never hedge against bitcoin and it should not only be a part of your investment strategy but a major part of it. Personally I like to keep the majority chunk in btc while distributing the minority chunk in alts. Second largest holding would be ether ofcourse. The thing is that people forget that things like ether are unlimited and while the supply is exceeding demand its causing prices to now reach all time highs reached back when btc hit $20k. You have to remember the limited commodity will always rise and hence the value will always be higher. Currently ether is shifting to eth 2.0 hence there is a locking of ether plus alot of new projects are being deployed on it hence the rising gas fees. I would also like to point out to look into bsc and bnb coin as it has risen alot and can now be viewed as a serious contender also.
Lastly I would like to point out that this is not an investment advise but a history of what I have done and what I have found to be the best investment I made again inflation. My buying power is now 10 folds as apposed to if I had just kept USD in the tank. DO YOUR OWN RESEARCH. And DONT INVEST YOUR LIFE INTO CRYPTO, you can be a billionaire but you can also go bankrupt in a matter of hours.