Diversification is generally thought to preserve wealth rather than to grow wealth.. so frequently shitcoiners even get the idea wrong, since they are tending to throw a bunch of money at a variety of shitcoins and hoping that one of them will pump enough or more than enough to make up for their losses in the other ones.

Sure concentration in risky assets can frequently be thought of as a means to grow wealth, including bitcoin can be considered in such a light, even though many of us have come to realize that bitcoin is not as risky as it is made out to be, even though it is quite volatile and even inevitably volatile, which also may well be a characteristic of a growing asset.

I would just like to mention also that there are so many of the traditional assets (the non bitcoin assets) that are quite heavily correlated to the dollars performance, which largely shows that the crazy levels of our current debt and even debt irresponsibility has contributed to perversion of the various markets, including actual asset inflation that is artificially pumped up by the dollar and subsequently folks wanting to get into assets rather than holding their value in the dollar since they know that the dollar does not hold its value.. which causes them even more to pump up the value of various assets, including that bitcoin can also have quite a few relations to dollar liquidity, even though at the same time bitcoin has some fundamental aspects that are not so much able to be manipulated and giving it more solid growth fundamentals related to both its scarcity and its being fairly early in its adoption cycle..

So with some of bitcoin's attributes, it does not hurt to overallocate to bitcoin, even with realizations that bitcoin is likely to continue to appreciate more than other assets, even if there may also be attempts to reign bitcoin in and to manipulate bitcoin in similar ways that other assets have historically been manipulated.  Yet with bitcoin there remain some difficulties to manipulate it in terms of the ease in which it can be self-custodied, even while attacks of self-custody are underway.