I agree with the premise of this thread.
I been a bitcoin buyer and holder for years now. Up some stupid number.
As a guy up on Bitcoin, ill still push back on "put everything on bitcoin and only bitcoin"
Diversify your portfolio is very real and very important.
It doesnt matter if bitcoin goes up 100% and sp500 goes up 10%. Thats still not a good reason to not divide your investments in both. You should never put yourself in a position where the crash of a single thing fucks up your net worth.
This isnt a knock on bitcoin. If you came in and said I have all my money in the sp500, i would react the same way and say thats not good, put some in bitcoin.
That said, my advice is for when your investments get big enough. If you have 1k to invest, throw it all into bitcoin. Dont diversify 1k. Lmaoooo. But once you get to lets say 10k, slight diversification should be your strategy.
Bitcoin is the shit. Im a believer. Im a holder. Buy and never sell even if you buy at 100k and the price falls to 10k. Itll always make money in the wrong on.
But never have all your investment in a single place. Diversification should always be part of the strategy.