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Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean.
Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them. I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent. Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.
Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..
I think you 10x better rule for unseating an incumbent, as well as bathe superiority of Bitcoin over several other asset classes like gold and dollar Is Undeniably flawless. I mean, if we begin to talk about the uniqueness of Bitcoin’s attributes, like the transportability, the scarcity, verifiability, divisibility and several other factors that contributes to Bitcoin’s efficiency and attractiveness as a form of money. And in addition, just as you already mentioned, Bitcoin’s digital and non physical form is also very much beneficial in so many ways.
I thinks it’s also very useful and interesting that you had just mentioned the idea of many other assets being revalued to reflect their utility value, instead of their monetary value. That’s indeed a very interesting shift and there’s no doubt that Bitcoin might just benefit from this trend, the more it is recognized and adopted by many people.
And just as you’ve also rightly stated, there are indeed several factors that may potentially influence Bitcoin’s trajectory as well as the broader financial landscape of over 50-200 years. But providing all the knowledge we already have about asset classes, it might actually be hard to argue against Bitcoin’s position as the dominant monetary asset.
This your statement here sounds laughable hearing it because to the best of my own understanding, it's only like 1% of alt coin that is worth investing which is enthereum or bnb, aside both of this coin, I cant even gamble on any of them, but the way you sounds, it's as if a whooping 50% of it are reliable which is never true.
Get the fuck out of here with your claims that Ethereum and Bnb or good coins, as if you are trying to point out which shitcoins are less shitty. That is retarded.