Eric Crown Quit Altcoins Entirely, Says 99.9% Are Worth Nothing

Technical analyst Eric Crown holds no altcoins at all and says the overwhelming majority of them are worth nothing, a share he puts at more than 99.9%. Crown made the argument on the BeInCrypto podcast. He also dismissed the chart most traders use to time altcoin rallies.

Why One Analyst Quit Altcoins Entirely Crown set out his position in an interview with BeInCrypto, where altcoin exposure came up directly. “No, I don’t hold any altcoins.” Bitcoin (BTC) and traditional markets make up his book instead.

BTC trades near $77,207 after a 1.24% daily decline. Crown put the failure rate at 99.999%, repeating to infinity, based on what he has watched over multiple cycles. A handful of exceptions exist, in his view, but they stay rare.

“Most people would be better off just buying boring stuff that compounds year-over-year and not trying to overthink it.” The Dominance Chart He Ignores That position rests partly on a metric Crown considers broken.