One word: Why?
Do they really think that Bitcoin maximalism has only to do with trading?
Bitcoin maximalism is defined (in my lexicon) as the superiority of BTC over all the other cryptos, as it is the most mature and with the most usersand highest security (every single commit is peer-reviewed), hence global crypto adoption should be hinged around BTC, not some other coin. Besides, media is already bashing mainly BTC anyway (such as your source) so why not make it the focal point of this counter-argument and hence, for maximalism?
Besides, stablecoins are merely a surrogate for the fiat currencies they represent - what is so special about them that will make the international community adopt a surrogate of a fiat currency, managed by a corporation instead of the govt.?
Topic: The meaningful shift from Bitcoin maximalism to Bitcoin realism - page 2. (Read 329 times)
Signs pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset.
There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was their settlement coin of choice.
Things have changed. Stablecoins now constitute a critical $150 billion pillar in the cryptocurrency market. Perpetual futures over-amplify market sentiment and, more often than not, dominate price action. Much more capital, including from institutional funds, has come into the market lately with only a moderate impact on Bitcoin’s price. So, some former bulls now dismiss Bitcoin as boring.
Is this the end of Bitcoin maximalism? Probably not. But, perhaps, it’s time for more realism.
(Source: Cointelegraph)
There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was their settlement coin of choice.
Things have changed. Stablecoins now constitute a critical $150 billion pillar in the cryptocurrency market. Perpetual futures over-amplify market sentiment and, more often than not, dominate price action. Much more capital, including from institutional funds, has come into the market lately with only a moderate impact on Bitcoin’s price. So, some former bulls now dismiss Bitcoin as boring.
Is this the end of Bitcoin maximalism? Probably not. But, perhaps, it’s time for more realism.
(Source: Cointelegraph)
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