Warren Buffet said "Diversification is a protection against ignorance," I'm all on on bitcoin!
Bitcoin is the best performing asset in the past 10 years. There's no point in diversifying any further when you understand and believe in the future of bitcoin. Big gains still to come!
Absolutely not true in my opinion.
No matter how much due diligence one does, they can never quite escape their own ignorance.
BTC is not a guaranteed bet no matter how you look at it. In the long run it is likely to be a store of value, but the extent to which it's going to continue to grow past this current round of pumps is uncertain given the DeFi competition that it is currently facing.
Don't get me wrong, I'm not a bitcoin bear whatsoever. I am bullish as anyone can get. But when you have a volatile asset and you ignore the short term fluctuations, you could land yourself in some serious trouble. What if you need funds for an emergency one day and BTC was in a bear market of all bear markets?