Bitcoin for Millennials
You Can’t Copy Bitcoin — Here’s Why Crypto Is DEAD | Jesse Myers | BFM146
Apr 25, 2025
01:25:04
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Quick takeaways
- The staggering increase in altcoins highlights a significant flaw in the market, as their abundance diminishes individual value due to low creation costs.
- Bitcoin's unique selling proposition of limited supply establishes it as the only cryptocurrency with true digital scarcity, reinforcing its perceived value among investors.
Deep dives
Proliferation of Altcoins and Bitcoin's Resilience
The discussion highlights the staggering increase in the number of altcoins, with figures jumping from 7,000 in 2020 to 37 million currently. This rise underscores a fundamental flaw in the market: the sheer abundance of altcoins diminishes their individual value, as any person can create new ones at virtually no cost. In contrast, Bitcoin's unique selling proposition lies in its scarcity; it is the only cryptocurrency with a capped supply of 21 million coins, which fosters its perceived value. Despite the explosion of altcoins, Bitcoin's dominance in the overall crypto market has not only persisted but also strengthened, indicating a recognition of its inherent value among investors.
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