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.
I think bitcoin doesn't fully achieve its goal. It may be at its highest point but I cannot say that it reaches its goal due to it is still not accepted by all of the people. Governments do not want to promote it to be use. They won't also legalize the whole cryptocurrency like bitcoin. In addition, the value of it in the market is still unstable.