A recent survey conducted by the Data Aggregator Coingecko showed that only 55% of novel cryptocurrency owners began with Bitcoin in their portfolio, which according to analysts is a sign of market maturation.

A survey published on Monday 2,549 cryptography participants from the data of the Coingeck aggregator found that 10% of respondents never even bought Bitcoin (BTC).

“In other words, Bitcoin in time was a less likely mechanism of implementation, because other Narrations and Altcoin communities appeared and gained adhesion,” said Coingecka analyst, Yuqian Lim.

The Altcoin entrance is a sign of a well market

Talking to Cointelegraph, Jonathon Miller, general director of Crypto Exchange Krakowen, said that investors start on board through other sectors such as DEFI or Memecoins.

“This is a testimony to the growth and maturity of the cryptocurrency ecosystem: Bitcoin is no longer the only main advantage, while access is becoming more and more friction and makes it easier for novices to engage in emerging narratives,” he said.

However, he also believes that, taking into account the growing geopolitical uncertainty, the ongoing cash housing and the reputation of Bitcoin as “the weakest form of money”, users who initially avoided it will probably come back.

“Over time, many participants of the cryptographic market initially caught up by more speculative trends will recognize the lasting meaning of Bitcoin and adapt their wallets accordingly.”

Why altcoins appeal

Hank Huang, general director of the Kronos Research commercial company, said CointeLgraph that investors who bypass Bitcoins during the first trip to the market, often lure low unit costs of Altcoins and a stronger sense of community they offer.

Coingecko showed that 37% of respondents entered the space through Altcoins, not Bitcoin.

“As cryptocurrency increases, more investors bypass Bitcoin, attract Altcoins with lower capitalization and living communities. It reflects this maturing market in which diversification causes participation,” said Huang.

“Hype is subject to SOL, ETH and Memecoins, changing bitcoins from the default entry point to only one of many places in cryptography.”

In the long run, Huang speculates the future of cryptocurrencies will not be associated only with Bitcoin, because it is in the face of competition from novel frames, and adoption is increasingly driven by “various ecosystems in which innovations, culture and community have the same as value.”

Users may be afraid that they missed the boat

Tom Bruni, the head of markets on the social platform on social media, said CointeLgraph that the lack of understanding and the frequently rising price of Bitcoins can also be factors.

“While cryptographic natives believe that the industry is still in its infancy, observers can feel that if they have not purchased Bitcoin at lower levels, they have already missed the boat because they have exchanged over 100,000 USD,” he said.

“This recent course of bulls recorded significant results from some Altcoins, and the desire to find a” cheaper “cryptography than Bitcoin to invest led people to a further risk spectrum in Altcoin and Memecoin markets.”

Bitcoin reached many highest levels in 2025, and the latest appeared on August 14, when it exceeded over $ 124,000 for the first time.

At the same time, Bruni said that Altcoins, Stablecouins and other related blockchain technologies are growing, the domination of Bitcoins should shrink, but it will probably always be “anchor in the wallets of many people.”

Related: Crypto must remove friction for the next billion users: Coinbase

“Ultimately, the decisions on allocation of performance drive, so as long as Bitcoin phrases keep up with the rest of the ecosystem, it is unlikely that more people have zero exposure,” he said.

“At the moment, performance is good, but if the market slipping, it can be used as a catalyst for people to withdraw to Bitcoins as a more stable and institutionalized cryptographic option.”

Zero bitcoiners will not last long

Talking to Cointelegraph, Qin en Looi, a managing partner at Venture Capital Onigiri Capital, said that early users already have Bitcoin, while the slow majority will appear only after settling in a established financial system, available by banks, property managers or retirement products.

“As this infrastructure is matured, we will probably see less with zero exhibition, but the curve will be slower than many expects, because it depends on systematic building of trust,” he said.

Ultimately, EN Looi believes that the role of Bitcoin is evolving, but it will never disappear, because it is a reference point for a wider cryptographic market, just like gold is still a reference point in established finances.

“We see less than a decrease in meaning, but expanding what is important, where Stablecouins, tokenized assets and application layer designs are now dividing the light.”

Warehouse: ‘Lend a hand! My robot vac steals my bitcoin ‘: when clever devices attack