I've been doing research on the historic development on the famous cryptocurrency, as a developer, economics enthusiast I often do transactions on BTC through various platforms, I've seen the increase of usage of BTC as have everyone with eyes, ears and Internet connection.
I've read recently that for the first time, Bitcoin cccounts are for Less Than Half Of Market Cap Of All Cryptocurrencies, this carries that for the first time, Bitcoin’s capitalization as a percentage of all cryptos has dropped to below 50%.
Given that Bitcoin has been for the longest time accounted for more than 90% of the value of all blockchain-based assets combined I remember how Altcoins were considered as a low-achieving highly risky step-cousin .
It is fascinating to see how Alternative cryptocurrency emerge into the light and usage of so many people that a little more than 2 years ago never even heard of thought of the possibility of a decentralized cryptocurrency (specially in Latin America where Bitcoin took a little longer to take grasp but now is the most solid way of savings)
Bitcoin's future is without a doubt going to surpass every known expectation in reaching and setting up camp above the $10K (even the $20K) in the upcoming years, but, As with gold Will bitcoin be moved to a long time investment or means of savings as opposed to a practical solution to today's needs of low-fee, fast transactions?
As we know bitcoin's development is stalled bad, with a more than two-year-long issue has left progress on its network stalled. The network was stuck staring down the same question of how to expand the network to accommodate more transactions that it first faced in early 2015 for far too long, while young and powerful (and cheaper in regards of low-fees and even no fees) have been stealing ground from the juggernaut cryptocurrency. Today we see a bright future in Eth and Litecoin, with hundreds of other promising altcoins rising every other day, Will Bitcoin turn into a Bitgold (not related to the former bitgold) and altcoins will be the cash based and supported on that gold?
What do you think about its development in the pockets of the everyday user?