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RE: It's Official: "Long Bitcoin" Is The Most Crowded Trade On Wall Street
Exazly ! Also bitcoin isn't a safe place to park things in a recession, it hasn't even existed in one yet. I support and hold bitcoin , that said Its crazy how blind so many are assuming it will not be replaced by a better crypto just because it was first. It will likely be the MySpace to a better Cryptos Facebook
Most of the top 100 cryptos are already better than BTC. Bitcoin was the minimum viable product. Check out Dash, NEM, PIVX or even Digibyte. They are all simply better. I only got into blockchain this year and I've never held any BTC for holding purposes. It has utterly weak fundamentals. BTC actually had negative adoption this year (https://www.dashforcenews.com/bitcoin-abc-lead-dev-2017-is-the-first-year-with-negative-bitcoin-merchant-adoption)
I should also mention that I only have contempt towards the BTC devs. Dash is heaven in comparison. Wall Street never bets smart. If they did we wouldn't have had a dot-com bubble or the housing bubble.
https://www.dashforcenews.com/scaling-ticking-time-bomb-blockchain-currencies-must-face/