“Only buy BTC (and ETH)” is pretty common advice around here. Most people will tell you that BTC is the crypto king that’s too big to fail. It’s generally considered the “safest” cryptocurrency. Many think that Bitcoin will always be the top coin (by market cap), but I’m curious as to how many of us actually believe that.
When you really think about it, what about Bitcoin makes you believe that it will be number one forever, or at least for a long time? Is first mover advantage really enough to keep it on top? Is the name alone sufficient to maintain its dominance even with “outdated” tech compared to some of the newer coins? Why or why not?
To be clear, I’m not talking about Bitcoin ever going to zero. I’m just asking if you think it will ever be overtaken by another coin in terms of market cap, and why. Personally, I do think it will be knocked down a peg (at least), and probably by Ethereum if it pulls off the upgrade roadmap as planned. But I think Bitcoin will always be around, and will probably always be among the top coins.
Let’s debate!
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