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Bitcoin is not a first choice as crypto onboarding changes


A recent survey from data aggregator coingecko found that only 55% of new crypto -owned cryptos started in Bitcoin in their portfolio, which analysts say was a sign of a mattress market.

A survey released on Monday of 2,549 Crypto participants from Data Aggregator Coingecko also Found that 10% of respondents have not yet bought bitcoin (Btc).

“In other words, Bitcoin has become more likely that the onboarding mechanism over time, as other Altcoin narratives and communities have emerged and gained traction,” said coingecko research coingecko research analyst Yuqian Lim.

Cryptocurrencies, data
Only 55% of the new crypto -owned Crypto responded to the coingecko survey began with Bitcoin in their portfolio. Source: Co ringecko

Altcoin entry is a sign of healthy market

In communicating with Cointelegraph, Jonathon Miller, Kraken’s general manager, said investors starting onboard by other sectorssuch as defi or memecoins.

“It is a testament to the growth and maturity of the crypto ecosystem: Bitcoin is no longer the only major owner, while accessing becomes more frictionless and makes it easier than newcomers to engage in emerging narratives,” he said.

However, he also thinks of giving up growing Geopolitical uncertainty.

“Over time, many Crypto market participants have first drawn more speculative -awesome trends will recognize the endless importance of Bitcoin and organize their portfolios accordingly.”

Why the Altcoins appealed

Hank Huang, CEO of the number of trading firm Kronos Research, told Cointelegraph that investors are investors Bypass bitcoin In their first foray to the market it was often attracted by low unit costs of the Altcoins and the stronger the community they offered.

The coingecko survey found that 37% of respondents entered the space through altcoins, rather than Bitcoin.

Cryptocurrencies, data
Source: Co ringecko

“As the crypto adoption increases, more investors can bypass Bitcoin, drawn to lower altcoins and vibrant communities. It reflects a mature market where the difference is pushing participation,” Huang said.

“Hype gravitates toward Sol, ET, and Memecoins, which becomes bitcoin from the default point of entry into just one of the many crypto destinations.”

Long -term, Huang predicts the future of crypto not only depends on Bitcoin, as it faces competition from new frameworks, and adoption is increasingly driven by the “diverse ecosystem of which change, culture, and community matter as much as the value.”

Users may be afraid they missed the boat

Tom Bruni, head of investment-based social media platforms, told Cointelegraph that a lack of understanding and Frequently increased price of bitcoin It can also be factors.

“While the indigenous peoples of Crypto believe that the industry is still in childhood, viewers may feel that if they have not taken Bitcoin to the lower level, then they have missed the boat, as it exchanged more than $ 100,000,” he said.

“The recent -the bull run has seen significant prevention from some Altcoins, and the desire to find a” cheaper “crypto than Bitcoin to invest has even evacuated people to the risk spectrum in the Altcoin and Memecoin markets.”

Bitcoin hit many all-time highs in 2025, with the Latest coming on August 14 when it crossed over $ 124,000 for the first time.

At the same time, Bruni said Altcoins, stablecoins.

Related: Crypto needs to remove friction for the next billion users: Coinbase

“In the end, the performance is driving allocating decisions, as long as the return of Bitcoin continues to coincide with the rest of the ecosystem, not likely that many people will have zero exposure,” he said.

“Right now, performance is good, but if the market is slipping, it can serve as a catalyst for people who retreat to Bitcoin as a more stable and established crypto choice.”

Zero bitcoiners will not last long

In a conversation with Cointelegraph, Qin en Looi, in charge of the Venture Capital Firm’s partner Onigiri Capital, said the early adopted people owned Bitcoin, while the late majority would only come once it was embedded in the traditional financial system, accessible by banks, rules of resources, or retirement products.