How Shitcoining Crypto Losers Think [After Bitcoin jumped from $28k to over $34k in 1 week!] 💩🪙
In this video, I discuss the importance of market cap as a way of measuring a cryptocurrency's adoption and success. What is the single best metric for measuring cryptocurrency success/adoption over time?
Is it the number of devs working on your project? Hint: Ethereum had a huge unethical premine that it can use to hire lots of devs to help keep modifying the base layer and hard-forking it into non-existence.
Nope, it's market cap (on real volume). Low volume creates a fake market cap: you could print up a trillion tokens and sell just one of them to a friend for $1 to get a $1 trillion market cap for your cryptocurrency.
Bitcoin has been and remains the most successful cryptocurrency over the years as measured by market cap.
The larger an asset's market cap, the more that large investors can participate. If your market cap is only $1 billion and I have $100 million to allocate, I cannot play the game.
The more that large investors can participate, the higher the market cap goes.
It's a virtuous circle on the way up (BTC), and a vicious circle on the way down (BCH) & worse (BSV).
We're now at a market cap with Bitcoin where it finally makes sense for a huge player like BlackRock to get involved. BlackRock's involvement will enable family offices, endowments, and corporations to follow in MicroStrategy's footsteps and easily add BTC to their balance sheets.
It's going to be ETF BTC, and not sovereign BTC, but that's OK because it still increases adoption and market cap. You and I can continue to hold BTC and never let BlackRock get their hands on it.
The next step up in the adoption curve is: nation-states and central banks adding BTC to their balance sheets.
Bitcoin's purchasing power continues to increase not just against traditional assets, but also against all other cryptocurrencies.
Hoping that your crypto doesn't appreciate against other assets so that people won't notice you is the sign of a loser mentality.
Top crypto by market cap:
https://coinmarketcap.com/
Most successful companies measured by market cap:
https://www.slickcharts.com/sp500
2017 crypto snapshot:
https://coinmarketcap.com/historical/20171217/
2014 crypto snapshot:
https://coinmarketcap.com/historical/20140126/
FinCEN proposed regulation:
https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency
Imagine, everything there is and everything that will ever be, divided by 21 million:
https://twitter.com/knutsvanholm/status/1316976860111265793
Original Video by Bitcoin University: https://www.youtube.com/watch?v=TTfj9M4hBMU
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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
Bitcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
Bitcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
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