The cryptocurrency market is becoming an epicenter for investors. We are seeing big financial institutions taking the lead. Those who long doubted industry are now all head in. Following the market from during the last US Presidential elections we are seeing changes, something that is tilling the ground up for a bull run. It will be inevitable as long as President Trump keeps to promises. I am seeing more confidence entering the market in the process, candles will side with green in 2025 as it unravels. I was thinking how the crypto market will be should the market size figure double to $5 trillion dollars. Remarkable right? Will it truly be that remarkable?
We have to accept that the entire crypto market is defined by Bitcoin. Is there a need for this to change? Can this be a threat and limitation to cryptoverse? I was looking at the crypto market some days back and when I saw how bitcoin alone sits at 60% market alone, it seems discouraging. No envy or friendship lost on bitcoin yet if this remains so, we may not see the entire market unraveling we are looking for. How large is the crypto market currently? We are talking of around $2.4 trillion and bitcoin alone takes almost $1.5 trillion of this market. What does this entail? Simple, the entire cryptoverse is still only a means of transferring currency and hyping green candles. If this remains so in the next half decade it means bitcoin may be what remains if the government starts a serious filtering process.
Screenshot from source
Yes I know, the first mover advantage is on the side of bitcoin, it's only that it lacked innovation from inception. Cryptoverse is beyond green candles and financial transactions, this is where many are missing it. Bitcoin has become the name or should I say the next name for cryptocurrency. It is continuing to lead in adoption and this widespread acceptance is shrinking the altcoin market. Many trust the network and its security status. Although many don't know the network mechanism behind it, those who do will always recommend new investors to pick it as the safest option. Adding to that, it has liquidity. Who would want some junk altcoin to be dumped on him overnight? This is where investors' confidence springs from as we've seen TOP countries side with bitcoin mainly when talking of crypto.
Good but not very good
We must admit that bitcoin helps announce cryptocurrency yet many will always halt here without further ado. Donald Trump was talking of adding bitcoin to US treasury, I think I am yet to hear him talk more of the altcoins. Let's forget all those memecoins that were used for campaign triggering, Trump is a financial mogul and wouldn't want to risk much where there are easy flushings. Even bitcoin itself is volatile, a risk that every institution and government will TRY to mitigate so how will they risk the altcoins industry? Adding to that, the volatility of Bitcoin when it shows red candles always leads to a bloodbath in the altcoin industry. What does this signal to investors? Simple, if the market is bad in Bitcoin, it is bad everywhere, no safer haven than bitcoin in crypto.
source
There is a big point here, why buy a sub-coin when bitcoin has such share dominance and influence. money is not easy to come by you know, guard it with care. When talking of innovations, bitcoin lacks behind when compared with so many innovative features that have been incorporated into many altcoins. Bitcoin is suppressing all this, due to first hand market dominance, it seems what is going on in the altcoin industry is just a blip. We have seen social and gaming tokens still staying behind scenes till date. It is one of the questions that needs to be asked, will the Altcoin industry continue to settle for crumbs? What is the way out?
If one were to ask me, I would say it is web3. There is no better way to explain the altcoins industry than showcasing this. What I mean is an everything decentralized app that keeps every individual involved beyond just green candles. It is not also easy, this top guys are fighting against decentralization, so why are the clinging to Bitcoin, it is because it is only decentralized in mode of transactions but has gradually been decentralized from the outside. Ask the ETF firms. This adds even another layer of problems to the altcoin industry.
To conclude, let me add, Warren Buffet will always say he invests in what he knows. This is the fate that the altcoin industry is facing. Truth be told, many of us are hanging on to altcoins because we lack the capacity to acquire Bitcoin. What then will big investors be doing? Yes we know every investment has its risk, nevertheless some are more tolerating than others. With thousands of coins out there and just a single coin takes more than half of the market, it is not that good. It is only a pity one can do little to nothing about it currently. How long will bitcoin keep dominating alone?
Posted Using InLeo Alpha
Let's see if this lasts in to 2025.
A time to make money and take profit though!
As for Bitcoin, it is the daddy, sure you won't get x100 this year but you won't lose your shirt like you can with alts chasing those x100 or even x10's
Yes, many altcoins markets will double, I am looking at the capacity for it to have a huge market share as related to Bitcoin