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RE: Bitcoin will go to $1M / Why other cryptos won't (part 2)

in LeoFinance4 years ago

Bitcoin has a fixed supply. That is the biggest difference. It also has first mover advantage. It is known. Those are the two biggest factors to its success in my opinion. Ethereum can keep inflating forever, regardless of EIP1559 or whatever it's called. At some point, the buying pressure will let up but there will still be new ETH coming on the market every day.

I agree, more attention will cause more people to want to own it but there still needs to be an end to that scenario or it will just inflate itself into nothing, just like fiat currencies are doing now.

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