Bitcoin is already dead. Until people understand and accept this, nothing can happen. Bitcoin must go down to 8500 then below within 6 months or the whole industry dies.
A koan: Unless you hate bitcoin more than Rouhani, you don’t love bitcoin at all.
I think of bitcoin as its own animal. It doesn’t need to be a perfect money, or perfect digital gold, it’s a new concept. A distributed network for the transfer of value, with different protocol layers. So to be honest, using old-world analogs for bitcoin, like money and gold really doesn’t jive with me 100%.
Have you looked at the charts? Grin is finally looking like a real cryptocurrency. After we broke $6-7 we’ve been falling down to $2.98 today. We’re back at support around $3-4.20. Once the first ASIC miners are released, I believe the next jump is $10-12 and back down to support at $6-7.
But let’s be honest; Marketcap for a cryptocurrency is a dubious metric at best. Projecting it forward to 2050 to get a relative rank based on current price seems even more dubious.
Most of the coins in the top 100 probably won’t exist in 2050( there’s going to be lots of shuffling/ re-balancing) Bitcoin dominance is either going to be much less or much more.
I’d also hope that if Grin succeeds, then it’s not going to be number 5 in 2050. More like number 2.