I think the only constant is change. So I think in one of the next bubbles we'll see a surpasing of bitcoin by an altcoin and even a massive downfall of bitcoin. If you think it Bitcoin is the most basic blockchain technology right now out there. Money always follows value. If one day cryptocurrency gets used by the masses it won't be bitcoin, I can assure you that. Until that happens bitcoin will live from bubble to bubble.
You are viewing a single comment's thread from:
I agree. Though I think bitcoin's best use case is as a store of value. Bitcoin can be digital gold while other fabric chains can be web 3.0. That's how I look at it anyways. Gold is an $8 trillion dollar market while bitcoin is $150 billion. Bitcoin can still go up a ton even if some other fabric coin eventually has a larger market cap as web 3.0.
I sincerily don't know about the use case of store of value. Don't believe it. The use case will be what people want to believe it is, and I don't see many people say to consider it a store of value, only speculate about it's price and nothing more.
Anyone worried about the value of their local currency is likely to view it as a store of value.