Bitcoin has done well for itself in 2020, making it the top mainstream investment of the year so far. But deeper in the crypto market, Bitcoin’s gains look meager next to even its next closest asset in line, Ethereum.
Ethereum and DeFi tokens outperformed Bitcoin easily this year so far, but that trend is “done” according to an asset manager. The same asset manager also nailed calling the initial rise against BTC, and they very well could be correct again about what’s to come next.
Ethereum Is “Done” Outperforming Bitcoin, According to Asset Manager Avi Felman
Since early 2018, Bitcoin has trounced altcoins and sent them into apocalypse mode. While the first-ever cryptocurrency fell only 84% to its bear market bottom, altcoins, even the most prominent ones like Ethereum fell over 90% and then some. Several eliminated as much as 99% from their valuations.
Calls for altcoin season, often led by Ethereum or Litecoin, had become the butt of