Post
Topic
Board Bitcoin Discussion
Re: How Much Has Bitcoin’s Role Changed in the Wake of Utility-Driven Altcoins?
by
avikz
on 02/05/2025, 04:28:37 UTC
Would love to hear your thoughts:

Can Bitcoin remain dominant without offering more utility?

When it comes to technology, Bitcoin is a dinosaur. Since the ICO boom, we have had multiple other altcoins which are faster, cheaper and technically more advanced than Bitcoin. Did it de-throne Bitcoin at all? No! Even though the initial purpose of Bitcoin was to become a peer-to-peer digital currency system, it was diverted from that mode and became the most favored Store of value. So I don't foresee any further shift from that position. Bitcoin will continue to remain the favorite store of value and will remain as a dominant force of the crypto market. 

Quote
Are utility-based altcoins the real future of crypto?

Could be! There are many prominent altcoins available in the market which takes care of multiple utilities. As I have mentioned above, we always had technically advanced altcoins in the market. These coins are finding great success and I am sure we will see more utility-driven altcoins in the future as well. But a time for market consolidation will come. We are yet to see that! Also I honestly feel, memecoins should get completely banned from the ecosystem.