May 30 Days Writing Challenge - Day Twelve: What Crypto Asset Will Dominate The Market In 5 Years?
This is the twelfth day of the May 30 days writing challenge proposed by @dragosroua. And here's my answer to today's question.
There are several aspects taking me to believe Bitcoin will be still the dominant cryptocurrency five years from now. If we think in terms of crypto technical capabilities of Bitcoin compared to other cryptos it is clear there are coins with much better performance in terms of speed and transaction cost, Steem being one of those. On the other side, cryptos like Dash, Monero or Pivx do a much better job in terms of privacy. Finally, there will be newcomers with the lessons learned from past failures which will bring better performance and will add new features we can not even think of right now. But all those differences are based only on a crypto world comparison. I have the clear convincement that when mass adoption comes, traditional economy and markets will have a big influence to make Bitcoin remain as the most dominant crypto asset, here are some of the reasons:
- It has the biggest market cap and the second player is still far away from it.
- It is the crypto reference of the markets. All exchanges mainly use Bitcoin as a reference on their platforms, consolidating it as the dominant in the market.
- Investing institutions, much more conservative than any other crypto related organizations, get Bitcoin as the first asset in their portfolio.
- The Bitcoin Futures Contracts where the first to appear in the scene.
- It gets by far, most of the traditional media coverage, and that is a huge advantage for mass adoption.
Here are my previous day's challenges.
- Day Eleven: What’s More Important For Steemit Right Now: Smart Media Tokens or Hivemind?
- Day Ten: What’s Your Favorite Morning Drink: Coffee, Tea, Water, Juice? Why?
- Day Nine: Where Do You See Steemit In 5 Years?
- Day Eigth: What's Your Most Consistent Hobby For The Last 5 Years?
- Day Seven: Name 3 Things That Must Be Done Immediately To Make Steemit.com A Better Experience
- Day Six: What Is Your Main Reason For Staying On Steemit?
- Day Five: What Are the Top 5 Crypto Assets You're Investing In Now?
- Day Four: What Are The Top 5 Most Relevant Witnesses On Steemit? Why?
- Day Three: What’s The Best Thing That Happened To You Because Of Steemit?
- Day Two: If I'll Get 1000 STEEM Tomorrow, What Would I Do With It?
- Day One: How Did You Get On Steemit? #challenge30days
Coins mentioned in post:
나는 아폴로 동전에 관한 기사와 그것을 마스터 스테이션으로 가져 와서 해독하고 그것을 한국어로 번역 한 혁명에 관한 기사를 썼다.
당신이 그 기사를 이해할 수 있기를 바랍니다.
더 나은 방법에 대한 제안이 있습니까?
https://steemit.com/coinkorea/@shortsegments/masternodes-apollon-masternodes