Bitcoin, not blockchain!

in #bitcoin6 years ago (edited)

Jimmy Song wrote a great article pointing out which factors are relevant for Bitcoin to succeed:

https://medium.com/@jimmysong/bitcoins-path-to-method-of-payment-6cb5b3297268

Funny fact on BCH: "BCH still has less transactions per day than DOGE"

In my opinion the market share of Bitcoin (compared to the whole cryptomarket) will continue to rise, especially in the long term.

Most cryptos are irrelevant, some cryptos are interesting projects which may or may not succeed and (in the case of success) will have a substantial market capitalisation (a bit smaller or bigger than today's corporations).

BUT: Bitcoin will be the ONE money of the world, a financial mirror of all the wealth in the world. That's why my long-term price prediction is around 18 million US dollar (with today's purchasing power) per 1 Bitcoin.
(Calculation: today's 280 trillion US dollar global wealth / 15 million bitcoins)
https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth

Bitcoin, not blockchain!

What's your best / educated guess?

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In my opinion you are right! Bitcoin is the one big thing! Only very less other projects will survive. For example iota, monero and of course steemit 👍

I am not sure about iota. But we will see.
Monero should rally hard when states go bankrupt and governments are trying to confiscate as much wealth as possible from their citizens. But, in the long run, I think you will have privacy features for Bitcoin turning monero obsolete.
Steemit is a fascinating project with a stable community. I think more and more that it will succeed. Some days ago a US Senate candidate joined steemit :-) a great success!
https://steemit.com/@mattwaters.com

100% agree

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