Personally, I don't think Bitcoin is going to fizzle out and die because of the way institutions think of it. For them, paying $50 to move hundreds of millions is nothing. Plus the 2nd layer solutions are coming so those transaction fees will soon be a thing of the past (hopefully).
However, like you say, those like us on Leo/Hive can get involved in other projects and can make a headstart before the big money comes in as we're a bit more agile and don't have to go through as many legal hoops to put crypto on our balance sheets.
It's exciting stuff in any case!
Not any time soon it wont but I feel once the next halving takes place and even better and more powerful blockchains are created that a large sum of the capital in bitcoin will move to these other blockchains instead. We just aren't there yet and it's going to take a while.
Full agree on that 2nd part about LEO and Hive. Hive's marketcap is crazy small only a little over 200 million that's a seriously small piece of the 1.65 Trillion dollars. It wouldn't take much for someone to jump into Hive and buy out a good share of it. Seriously there is huge potential here and a huge amount of growth to still be done on this platform.
Posted Using LeoFinance Beta
Perhaps it will move but also BTC miners will look to more profitable and greener/renewable energy sources though as these big companies and institutions are pretty much buying every BTC that a certain mining farm is minting. It's an interesting race to watch!
There's certainly a lot of room to move now I feel we've been through the worst of it on HIVE - most of the big accounts that powered down and left have gone now and there's a lot on the exchanges now waiting to be gobbled up! Again, very interesting one to watch and be a part of!