Agree it's a rising market and BTC is benefiting from being the most well known cryptocurrency. In the long term we think there are fundamental limitations which indicate BTC could be overvalued for the utility it provides. In addition, as mainstream adoption increases, probability of a better-designed coin replacing BTC could also increase as people become comfortable in the crypto space. Unless fundamental limitations are addressed, we are LT bearish and monitoring markets in the interim for price correction risk due to FOMO. Will like to hear your views too.
Agree it's a rising market and BTC is benefiting from being the most well known cryptocurrency. In the long term we think there are fundamental limitations which indicate BTC could be overvalued for the utility it provides. In addition, as mainstream adoption increases, probability of a better-designed coin replacing BTC could also increase as people become comfortable in the crypto space. Unless fundamental limitations are addressed, we are LT bearish and monitoring markets in the interim for price correction risk due to FOMO. Will like to hear your views too.