Oops! A 100% Bitcoin Hodl Outpaced CNBC’s 2017 Altcoin Basket by 170%


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Bitcoin (BTC) has seen phenomenal returns for most of the years, but when it comes to maximizing them, it’s best to just buy and buy them.

That conclusion came from new data circulated on social media this week, raising serious doubts about the merits of following mainstream media investment recommendations.

Don’t you believe the hype

Under the microscope was CNBC, which offered viewers an investment portfolio of 30% Bitcoin and 70% Altcoins in 2017.

Four years later, those who invested $ 10,000 back then have around $ 52,300 now. If they had just bought and hacked bitcoin, they would have over $ 140,000.

“The 30% #BTC allocation is responsible for 75% of the return,” noted the StatsBTC Twitter account, which uploaded the numbers, in the comments.

CNBC’s portfolio was created with the kind permission of noted expert Brian Kelly months before it hit an all-time high of $ 20,000. Altcoins also saw spikes months later, in early 2018, most of which only crashed and never recovered.

As a result, the network gained an unenviable reputation for acting as a buy signal for investors – ironically, by telling them not to invest in Bitcoin. The same fate has met gold ships like Peter Schiff since then.

As Cointelegraph reported, host Jim Cramer chose Bitcoin thanks to the conviction of Morgan Creek Digital co-founder Anthony Pompliano. His investment, valued at around $ 500,000, brought in “a lot of money,” Cramer said earlier this month.

All greet the king

Meanwhile, even a longer-term HODL strategy will have suffered from exposure to altcoins at the expense of its Bitcoin presence.

According to Bob Simon, owner of the StatsBTC account, $ 100 that was split evenly between Bitcoin, Litecoin, XRP, Dogecoin and Peercoin in March 2014 would now be worth $ 6,000. A bitcoin-only punt, on the other hand, would sell for $ 12,130.

“An equally weighted basket of the top 5 cryptocurrencies has left Bitcoin behind by over 50% in the last 7 years,” he summarized.

Bitcoin vs. Mixed Investment Returns. Source: Bob Simon / Twitter

Analysts still believe that the coming summer will bring huge profits for altcoins, with one arguing that a spike “Alt Season 2.0” has already begun.