Diversification <—> Concentration
I agree that I don’t think crypto is going away and yes every cycle some will outperform in a cycle but have any outperformed over 2 cycles? So unless you are skilled and have the time and resources to really understand your investment and when to enter exit it is tough to outperform bitcoin long term I think many got burnt holding coins which outperformed in short term the held to underperform and they would have been better just sticking to bitcoin.