Post
Topic
Board Bitcoin Discussion
Re: What would happen if there was only one cryptocurrency, which is Bitcoin?
by
JunaidAzizi
on 25/11/2023, 18:12:20 UTC
Would Bitcoin develop faster without competition?q
Well, it is a very interesting topic, and giving my thoughts on it will be amazing. You tell us both the condition that what would happen if there is no competition and what if there is competition I think you are right in both but my opinion is that if there is no competition the price of Bitcoin will increases. How? Let me explain. There is a large market of cryptocurrency and people are investing in all these coins because they have huge options In this way, the whole money and investor is distributed among these coins and there are few persons who left for Bitcoin but if there is only Bitcoin then people have not any option for investment other then Bitcoin and all the money that is distributed in the alt and other coins will automatically come to Bitcoin and in this way, the price will be high.