I agree. People say crypto is a scam, but I think the real scam is claiming it’s anything more than Bitcoin. Altcoins just ride on Bitcoin hype and the hope it becomes as wild as the latest meme coin.
Yeah, when did something already at the top (top 50) outperform BTC/USD long term. You need the next 49 coins to beat BTC for this to be good. You might as well just buy BTC.
Here’s the short version Coinbase has launched Coin50 Index, a crypto version of the S&P 500, to give a clear view of the crypto market. The index includes Bitcoin and the top 49 cryptocurrencies by market cap, offering a broader look beyond Bitcoin. The goal is to help investors track trends and identify prices. It will be rebalanced quarterly and isn’t available as an investment product in the U.S. due to regulations. Coinbase wants Coin50 to be a key reference for the growing crypto world.
This summary was generated by a bot and isn’t a replacement for reading the original article. Always do your own research.
“The index will be an investment product too, but it’s only available to eligible traders outside the U.S. because it’s a perpetual future—a type of derivative contract, like call or put options, that doesn’t expire and isn’t available in the U.S.”