Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time.
From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it. Is it not only a matter of time before we see this happen?
Let's say Internet gains a significant level of adoption and the market usage stabilizes and plateaus for an extended time.
From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new Internet, build out a ton of it, and market the hell out of it. Is it not only a matter of time before we see this happen?
Why hasn't this happened? Network effect (see also
Metcalfe's law). The potential for Bitcoin is to save consumers and merchants something on the order of $200B annually. True investors (i.e. VC and angel investors dumping money into bitcoin startups) see that as the prize not some dump and dump scam that small minded "investors" see.