Willy Woo, a widely followed Bitcoin (CRYPTO: BTC) influencer and analyst, shared a controversial take Monday that called grouping altcoins and BTC under the “crypto” label a bad idea.
What happened: In an X post, Woo recalled a meeting with whom he claimed was the original creator of the Greed and Fear Index for TradFi.
“I asked him what he thought about BTC vs Alts. He nailed it… BTC is digital hard money. Alts are technology startups,” Woo quoted the person as saying.
Woo, a Bitcoin maximalist, argued that BTC and altcoins are very different, and grouping them under the blanket term “crypto” is “dumbest.”