Post
Topic
Board Bitcoin Discussion
Re: Impact of altcoins on Bitcoin's early growth and adoption?
by
hatshepsut93
on 17/02/2023, 22:54:59 UTC
On the positive side, the emergence of alternative cryptocurrencies helped to increase overall public interest in the concept of cryptocurrency and blockchain technology. By offering alternative options to Bitcoin, altcoins helped to broaden the appeal of the cryptocurrency space and attract new users who may not have been interested in Bitcoin specifically.

I don't see any direct connection between creation of altcoins and public interest in cryptocurrency. I think if altcoins were never created, Bitcoin would still be as popular as it is now. Bitcoin is still by far the most popular cryptocurrency, if you ask random people on the street to name cryptocurrencies that they know, I'm sure most people will only name 1 coin - Bitcoin. I doubt there's any signifcant number of crypto enthusiasts who first learned about some altcoin and only then discovered Bitcoin.