Market Cap BTC Dominance, %Updated Bitcoin Dominance Continues To Plummet
Because cryptocurrencies are an abstract idea, and ideas can always be improved, cryptocurrency's long-term value propositions will always be fundamentally weak.
The supposed purpose of using cryptocurrencies was to take advantage of a technological superiority over the traditional banking system. Ignoring the fact that the true purpose became to get rich quick, since technology is always improving, to remain logically consistent one must always upgrade to the best new tech.
This undermines the possibility of cryptocurrencies ever being a long term store of value.
The supposed purpose of using cryptocurrencies was to take advantage of a technological superiority over the traditional banking system. Ignoring the fact that the true purpose became to get rich quick, since technology is always improving, to remain logically consistent one must always upgrade to the best new tech.
This undermines the possibility of cryptocurrencies ever being a long term store of value.
Note
Impeccable prediction. Exactly as forecasted
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.