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RE: Financial expert claims Bitcoin has only reached 1% of its potential
On one hand the bitcoin price could increase hugely. If you take some factors into account like probably only 1% of people have bitcoins right now. And if everyone only hodl, the freefloat will be minimal and the price will go up.
However I think that something will win from bitcoin on long term. As it should be possible to develop an improved version. That's what always happened in history. Or are you still watching black and white television?
You might be right, I can see Ethereum become number 1 soon... ETH has already been catching up with bitcoin for a while now, but for now everything is still tied to Bitcoin; If Bitcoin rises, altcoins rise. If Bitcoin decreases, altcoins decrease. Maybe when ETH becomes number 1 the market will be tied to ETH?
Personally I see ETH take over the number 1 position of Bitcoin in the future, but this will be a bloody fight and I fear the market will not respond kind to Bitcoin being dumped.
I don't mind Bitcoin being number 1 and I am convinced Bitcoin will always remain a very popular cryptocurrency, time will tell what the future brings.
Thanks for your comment, appreciate the interaction!
Not sure if it is already clear that market cap is not equal to the total amount that have been invested?
That could be a really important item.