Bitcoin is a 5eyes experiment.
Bitcoin is not going to make it
11–14 of 14 posts
Re: Bitcoin is not going to make it
#12Cryptocurrency as a whole isn't going to make it or specifically Bitcoin as the "leader"/top dog in the coin? Is Ethereum showing any metrics of growth/cannibilzing into Bitcoin's lead? When is it projected that Ethereum will lead and Bitcoin will be secondary? According to https://coinmarketcap.com/ ETH market cap: $205,472,110,461 BTC market cap: $451,416,778,093 Not as far off as I would've though to be honest. ht…
>Not as far off as I would've though to be honest.
Market cap is a mostly useless vanity metric in the crypto world, I don't recommend relying on it for forecasts.
>is it really "growing" or just basically pegged against BTC?
The massive BTC/ETH liquidity pairing pegs them to each other where price is concerned.
This cycle, a large percentage of Bitcoin's steam was cannibalized by custodial entities like FTX and Celsius stealing money from Bitcoin onboards and redirecting it to yield farms and leveraged trading on the ETH chain.
I would be careful about extrapolating too much from data produced during a sabotaged BTC cycle.
Re: Bitcoin is not going to make it
#13That article just made me buy another 5BTC.
Just because. Let's see what happens.
Re: Bitcoin is not going to make it
#14Bitcoin is a 5eyes experiment.
When did it become their experiment? Why do you think that?