$10,728.01 -1.37%
BTC · 33w

The thesis for Bitcoin's business miracle

The thesis for Bitcoin’s business miracle is rooted in the handful of years that this thing operated with effectively no competition. Bitcoin has nearly a decade head start in crypto as other players like banks, altcoins or governments have under-invested in the space. Note: "Effectively no competition": maybe Visa and Mastercard, an gov fiat competes on the medium of exchange side, and gold/art on the store of value side, but the technology gap and the principles are quite different, so it is not direct and complete competition. Bitcoin, in my opinion, has the first mover advantage and is unique. Bitcoin is King in this space and an elephant in the room.
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Tales from the Crypt: #194: Junseth

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