According to Bybit's Q2 2024 asset allocation report, Bitcoin (BTC) remains the most widely held single asset among users, accounting for 26% of total crypto portfolios. Ethereum (ETH) follows at 9%, while altcoins collectively make up 22%.
Key Findings from Bybit's Report
- Stablecoin holdings decreased from 50.2% (December 2023) to 42.8% in May 2024.
- Excluding stablecoins, 61% of users allocate their crypto investments to BTC and ETH.
- Institutional investors show higher concentration in BTC (39.4%) and ETH (20.9%) compared to retail traders.
Despite renewed optimism around Ethereum following its spot ETF approval, Bitcoin continues to be the preferred choice for both institutional and retail investors.
Emerging Trends in Crypto and Tech
👉 Bitcoin Miners Pivot to AI Data Centers
Houston-based Lancium and Denver’s Crusoe Energy Systems announced a joint venture to build a 200MW data center tailored for AI companies, signaling a shift in mining infrastructure.
👉 Snowden Predicts National Bitcoin Adoption
Edward Snowden recently hinted that a government may soon reveal its Bitcoin holdings as a gold reserve alternative, fueling speculation about institutional adoption.
FAQ Section
1. Why is Bitcoin still the dominant crypto asset?
Bitcoin’s first-mover advantage, scarcity (21M cap), and institutional trust solidify its position as "digital gold."
2. How does Ethereum’s ETF approval impact BTC?
While ETH gains traction, BTC’s role as a store of value keeps it central to portfolios.
3. Are stablecoins losing popularity?
Yes—declining from 50% to 42.8%, suggesting investors are reallocating to volatile assets for higher returns.
4. What’s driving miners toward AI data centers?
Post-halving revenue pressures and AI’s energy demands create synergies for repurposing mining infrastructure.
5. Could Bitcoin replace national gold reserves?
Snowden’s claims align with growing interest in BTC as a sovereign asset, though widespread adoption remains speculative.
Conclusion
Bitcoin’s 26% portfolio share underscores its resilience amid market shifts. With miners innovating and nations potentially eyeing BTC reserves, its role in global finance continues evolving.
For strategic crypto insights, explore 👉 OKX’s market analysis today.
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