Altcoin Skeptic: 99.9% Worthless, Says Top Analyst

Technical analyst Eric Crown has revealed he no longer holds any altcoins and believes that more than 99.9% of them are worthless.

Crown, who runs a YouTube channel focused on Bitcoin analysis, made this argument in an interview with BeInCrypto where the topic of altcoin exposure came up directly.

No, I don't hold any altcoins, Crown stated. He added that his investment portfolio consists solely of Bitcoin and traditional markets, currently trading near $77,207 after a 1.24% daily decline.

Crown attributed the failure rate to 99.999%, repeating to infinity, based on his observations over multiple cycles.

According to Crown, there are some exceptions, but they remain rare, and most people would be better off focusing on 'boring stuff that compounds year-over-year' rather than trying to time altcoin rallies.