- Technology has progressed, people studied and has understood better how cryptos work, so they came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
I agree with this reason, and I think this is maybe one of the most important reason why bitcoin dominance is so high, and altcoins do not follow
king of crypto as was the case in the past. Many investors are burn too much money with altcoins, and they see that only bitcoin is crypto with purpose. There is a
saying Fool me once, shame on you, fool me twice, shame on me. - We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
True or not this is interesting point, some people say that latest bull run is mostly driven by institutional money, and since we know that this part of year is in most times very slow and boring, money need to come from from somewhere. We can not say who is exactly behind it, but they pump price up from $4k to almost $14k in 3 months.
- Libra is coming to the market, this half fit, half cryptocurrency coin will be a huge success because it is going to be incredibly successfully where many other projects, bitcoin included, have dramatically failed: adoption. Bitcoin will survive this, of course, but shitcoin basing their value propositions on micropayments (read BCH and minor forks) are facing doomsday.
Maybe Libra will succeed, maybe not - it is hard to say what will be with this project at this time when FB is not get green lights even in USA. We can assume that this coins will not be welcomed in Russia where VKontakte (Russian version of FB) is have around 500 million users, anf FB is not so popular. An we can bet that China will not open door for this coin also, with the great probability that India will not be the country that will allow their citizens to use Libra just like that. Bitcoin is still have big advantage over Libra, it can be used anywhere - there is no need of government approval.