Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?
Seems that has already been occurring. New crypto investors don't care about decentralization or security. They just want to see their number go up. We are literally smack in the middle of the Greater Fool Theory. We've seen 1 rug pull so far, but I think that was just a precursor. The rug pull we'll see come December will leave people with their jaws on the ground. On the plus side, a $30K Bitcoin will be viewed as a complete collapse, giving those of us with level heads the opportunity to do this all over again in 2025, if Bitcoin survives it's community that long.
I watch the BTC market share pretty close every time there is a big swing, BTC holds in there tough 40 to 43%. I still find it interesting there isn't one (top 100) crypto I know of that can stand alone on its own merit when BTC takes a dive.. It just disrupts the world of crypto