A fat majority of alts will underperform #Bitcoin this cycle.

#BTC outperforming all alts is still on the table imo due to: greater institutional adoption, better regulatory clarity, more people building on top of #Bitcoin, altcoins reaching saturation (there’s 100,000+ alts, but only 1 #BTC.), and market sentiment (#Bitcoin is blue chip, alts are unregistered securities.)

People think “history will repeat itself” these people have the attention span of a gold fish. History to them is the past cycle or two.

Low time preference individuals ought to recognize that historically WINNER-TAKES-ALL. Especially in a free market, specifically in a global competition between currencies. Think US dollar vs. the Turkish Lira or any fiat currency. Sure the Turkish Lira might have made some decent runs against the dollar, but people who cherry picked these runs likely learned a valuable lesson. People who banked on the dollar outperformed all other fiat currencies.

BUT THE DOLLAR WAS ALREADY THE BIGGEST HOW CAN IT CONTINUE OUTPERFORMING.

Well…to put it simply: REAL history > degenerate speculation.

Be careful who you listen to anon!

Fiat and alts will never outperform the dollar because they are trying to play the same game on a smaller scale, less efficiently.

#Bitcoin does have a fighting chance, and in our current circumstances it definitely seems to be winning.

My guess is CBDC’s will be the nail in the dollars coffin. They will be rolled out to gain more control, and they will wind up with less than they started with.

THANKS #BTC!