Hi Friends,
Well, as we in the crypto space are fully aware, Bitcoin has the largest market share and is also often pulls the alt coins with it when it moves.
Bitcoin has been trading sideways for a while now, and it really seemed to have a stable base in the $6,200-$6,600 range, but today, it has broken out of the range and headed off a cliff. Bitcoin has tumbled more than 10% and is hovering in the mid $5,000s. Alt coins have fared even worse, and Steem is no exception.
Personally, I feel mass adoption of Bitcoin will happen and morph into a store of value asset class (like gold), but I am not so sure about the future of alt coins as well as their intended utility. I am here, and I am invested, but really it is more of a speculation play for me. I still have a hard time explaining how blockchain technology, and specifically mining of it, is a game changer to society.
One thing I do know – in 5 years Bitcoin will be worth nothing or it will be worth a lot more. I have placed my bets on “a lot more”, but time will tell!
How do you feel about the future of Bitcoin? How do you feel about the future of alt coins?
Thanks for stopping by and engaging with me!
Brian