Quote from: mosleya on Today at 02:39:42 AM

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"Silicon Valley Venture Capital Godfather" Tim Draper (Tim Draper) believes that people will turn to high-quality and decentralized cryptocurrencies such as Bitcoin, and some weaker cryptocurrencies will become historical relics.

Due to the tightening of monetary policy by the Federal Reserve and the knock-on effect of the bankruptcy of major industry companies such as Terra, Celsius and FTX, the crypto market is full of fraud, black gold politics and various conspiracy theories. I'm personally on the sidelines, but still have a lot of confidence. The pool of crypto markets is getting cleaner and cleaner.
In this earthquake in the encryption market, people's awareness is getting higher and higher. God said that the disaster is that people become smarter and see scams more and more clearly instead of pure trust. Altcoins are becoming more and more Like a mainstream currency, if you are a liar, you have to be a liar with a high IQ.
As a government, it will also make the encryption market more orderly through various regulations. There is no doubt that Bitcoin has had a huge impact on the global economic order.
The early dividend period of Bitcoin is over, and the next is the stable period. What are your views on the future? I clearly know that the persistence of beliefs is often not so strong, and few people can hold Bitcoin for a long time.

It's certainly possible. Bitcoin has a lot of advantages over altcoins - it's more widely accepted, it has a more robust infrastructure, and it has a larger user base. So if Bitcoin continues to grow in popularity, it's likely to take market share away from altcoins.

That said, there's always the possibility that an altcoin could overtake Bitcoin. So far, no altcoin has been able to do that, but it's definitely possible. So anyone investing in Bitcoin should also invest in some good altcoins as well, just in case one of them does overtake Bitcoin someday.