>>61128909
Bitcoin is an oldest crypto.
So it had 15 years to grow and accumulate the market share.
It is slow.
It requires huge resources to mine, and some random joe (or big corp with a cloud server farm) can randomly mine them .
The value is because it's the oldest crypto that everybody knows about that also went 100x
>(i.e. MARKETING mostly)
I own a tiny amount of Bitcoin because all big money flowing INTO Crypto flows into Bitcoin first.
>and bots up trade it too
So , basically any money flowing into a crypto market right now By Default are flowing to Bitcoin .
Will this continue? no.
Can bitcoin go 2x? Easy. I am giving it 50% that it will 2x.
Will Bitcoin find $20 TRILLION dollars in additional assets it needs to 10x? Unless US gov says Bitcoin is going to be a gov reserve -Extremely unlikely.
>if US gov says bitcoin is part of the reserve then 250k is likely, $1 mln is possible
At the same time, could Eth and XRP go 10x? Very easily, very likely.