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An analysis by Charles Schwab highlighted Bitcoin (BTC) and Ethereum (ETH) as leading players in the cryptocurrency market.
According to Coindesk, a recent report by Charles Schwab’s Center for Financial Research revealed that the fundamental value of the crypto market is concentrated in core blockchain networks like Bitcoin and Ethereum.
This report divides the cryptocurrency market into three sectors and shows that the majority of market capitalization is concentrated in just one of them: “On the main blockchains like Bitcoin and Ethereum.”
Schwab’s report divides the crypto ecosystem into three layers: “core networks and infrastructure and/or user-facing products”.
Accordingly, investors should consider cryptocurrency in terms of structural layers rather than as a single asset class.
Schwab’s report findings reveal that despite Bitcoin and Ethereum dominating the market, a significant portion of the wealth allocated to the sector is also held in stablecoins and emerging altcoins.
Schwab analysts state in the conclusion of the report that cryptocurrencies remain speculative and high-risk.
However, for new investors, analysts argue that simply “buying cryptocurrency” isn’t enough. They emphasize the need for investors to conduct thorough research to understand where the real value lies. Schwab concludes that long-term value will be reflected more in base layer networks and widely used product protocols rather than infrastructure projects.
*This is not investment advice.