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0 sats \ 1 reply \ @Cotton 27 Oct \ on: Trump: Effect on Bitcoin vs. Crypto bitcoin
you’re right: Bitcoin thrives regardless, but new, passive investors may initially conflate it with the rest of the industry :)
Yeah, and I don't blame them.
Were I new to this concept of digital currency and if I didn't have the time to study all the nuances, if someone told me there was a market weighted or equal weighted basket of the top 10 or 20 that would feel safer to me than just picking one.
People would naturally make the assumption that it is similar to buying the s&p 500 instead of individual stock picking. Unfortunately they'd be dead wrong, but the passive flows would certainly keep a lot of the shitcoins boosted in price for a very long time. Similar to how there are so many zombie companies in the s&p
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