Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin remain number 1 if each country had it’s own crypto?
by
mk4
on 02/04/2020, 00:27:09 UTC
Number 1 in terms of what? If you're speaking in terms of market cap, most likely not. Remember that if certain countries had their own cryptocurrencies, chances are, it's just going to be a centralized blockchain version of their local currencies. Hence, mass printing is of course going to occur inevitably, effectively skyrocketing the marketcap. Remember, marketcap = price*total supply.

It doesn't really matter though, as marketcap is really a very inaccurate and pointless statistic in this case.