Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin remain number 1 if each country had it’s own crypto?
by
bitcoinethereum
on 02/04/2020, 01:57:29 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(as they currently normally do on their local currencies), 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(and in most cases).



Number 1 in terms of just people still wanting it over any other crypto - even a USA government issued one.