Part 3/9:
A core principle of cryptocurrency investing that Elliot posits is the cyclical nature of Bitcoin in relation to altcoins. Typically, Bitcoin performs well at the onset of a bull market, leading to a shift toward altcoins later on. As the cycle progresses, altcoins may exhibit explosive growth, outpacing Bitcoin.
Elliot points out key strategies for investors, stressing the importance of focus when picking altcoins. It's not enough to identify good technology or promising projects. Instead, he believes the real question becomes, "Which projects will capture the public's attention?" Narrative-driven investment is critical in this aspect, with particular themes such as gaming, AI, and decentralized finance (DeFi) gaining traction.