Crypto market should break away from BTC for good and stop looking at it for the rise and fall of all crypto
BTC is an old technology that failed to adapt for its users who need cheaper, faster, and more decentralized way to pay as a currency.
BTC had its moment of rise to 1 trillion dollars market cap and it might possibly go to 3 trillion which is equivalent to top blue chip stock valuations. But it probably will not go 100x like it did previously because that is just an absurd amount of money poured into BTC.
If BTC stops going up, should the entire crypto market stall and wait for BTC to rise again? No, that wouldn’t make sense because each crypto serves its unique purpose and it should not depend on BTC to rise or fall whatsoever.
It’s like looking at the IBM stock to see which way stock market will go because IBM is one of the oldest and biggest tech companies. And like BTC, IBM used to be the shining star of all tech companies in the old days until something better came along like Apple, Microsoft, Amazon, etc. Everyone used to think that IBM would be the number one tech company for the future, but surprise! That didn’t happen because IBM failed to adapt to make new changes for its consumers.
and like IBM, BTC deserves to fall and fall behind better cryptos like BCH and the others. We must not look at BTC anymore to tell which way the market will move.
The blockchain technology and cryptocurrency in itself is bigger and more important than BTC especially if the developers around BTC refuse to make the necessary changes for the users.
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