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Bitcoin (CRYPTO: BTC) is increasingly seen as digital gold by institutional investors, but altcoins are losing appeal, according to industry insiders.
Bitcoin’s Strength Against Speculative Coins
In an Apr.28 CNBC interview, Mark Wong, Head of Trading at Independent Reserve, highlighted scarcity as Bitcoin’s core strength.
While Bitcoin’s case has strengthened over time, he noted that the broader crypto market, including Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP), still follows more cyclical and narrative-driven patterns.
Wong explained that altcoins tend to move in cycles influenced by shifting themes …
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