Post
Topic
Board Bitcoin Discussion
Re: What if all cryptocurrencies merged together?
by
Fundamentals Of
on 05/04/2022, 09:14:09 UTC
What if all cryptocurrencies merged together? Cuz if it merges, then the price of Bitcoin would pass $100,000? The market cap would be at $3 trillion dollars but what will the price be for 1 coin?

Do you know by chance that if you merge the components of a Labo and a Ferrari and make a new car you won't get anything better nor more expensive?
Well... it's kinda the same with "all cryptocurrencies merged together", just here you'd merge the Lambo with Renaults, Audis, Latas, Tata and so on...

Perfect example. If you have a Ferrari that can go +300km/h, and add an engine from a Lamborghini, that can go also +300km/h, new cars engine wont go +600km/h. Same is with Renault, if you add engine parts from Renault Clio to Ferrari, it wont do same +300km/h.

If I understood OP correctly, I think what you have here is a false analogy. I guess OP does not refer to a technical merging of all cryptocurrencies. I think OP means that the entire crypto market has only Bitcoin as the sole currency. In which case, I think the price of Bitcoin will rise beyond $100,000. Imagine if everybody who is shelling out money for all kinds of NFTs would instead spend their money on Bitcoin? That must have a significant effect on Bitcoin's price.