I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
Have you taken the consideration of looking at the inflation chart of Bitcoin? We know that Bitcoin only have a limited amount(number), about 21 million I believe, and there is a circulating supply. From what I can tell, as the Bitcoin's circulating supply decreases the demand increases therefore the price. A successful inflation so far I could say, every year the supply of bitcoin is getting thinner and thinner, but the demand, well don't start with me about that, we already know that its a bursting rocket.