Crypto’s average performance is hiding how badly most large-cap assets are doing.
Bitwise CIO Matt Hougan says the median top-20 crypto asset is down 15% this year.
Yet the average return is up 14%, largely because of strong performers like $HYPE and ZEC.
That’s a huge gap.
The average tells you how the group performed collectively. The median gives you a better sense of what the typical asset is doing.
And right now, the typical large-cap crypto investor isn’t having a great year.
A few winners are carrying the numbers while most of the market struggles.
Bitwise CIO Matt Hougan says the median top-20 crypto asset is down 15% this year.
Yet the average return is up 14%, largely because of strong performers like $HYPE and ZEC.
That’s a huge gap.
The average tells you how the group performed collectively. The median gives you a better sense of what the typical asset is doing.
And right now, the typical large-cap crypto investor isn’t having a great year.
A few winners are carrying the numbers while most of the market struggles.
