John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap"

[cellard]

John McAffee claims that "In Two Years Bitcoin will only have 25% of the Crypto Market Cap" . How delusional he is?

https://www.youtube.com/watch?v=4E3IRQZ7OFs

As we can see, BTC is still 80%+ of the total crypto marketcap. There are absolutely 0 bitcoin competitors as of today. The existing cryptos are just small niches (the 2 or 3 that are worth anyones time, the rest are just jokes)

So he is claiming a "bitcoin killer" that would make everyone getting in soon rich as fuck (kinda like bitcoin 2.0 happening) would appear in the next 2 years.

This is as realistic as any of the existing coins taking away 50-60% of bitcoin's current marketcap (which should be higher in the next years)

How delusional is this?

I wish he was right, and some sort of unique revolutionary thing happened, and we all got at the begining this time instead of getting in 3 years later when it's already 3 figures per coin, but let's be realistic. A thing like bitcoin happens every hundreds of years, so what are the chances that a new technology steals 50-60% of bitcoin's marketcap?

You could claim it will be a couple of coins getting like 10% each... still very delusional, it would need to be new coins, existing coins dont offer enough to justify that change.

I want to get rich as fuck with a new coin that is revolutionary and brings something new, but unfortunately I dont see it happening. We are stuck with bitcoin's slow growth and with the lame pump and dump alts, and the big pump and dumps on alts already happened (no more Monero style 2000% gains anymore)

[1714996319]

1714996319

[AT101ET]

That's just pure speculation. He has no evidence to base that claim on.
As things stand we've seen more technologies built on the Bitcoin protocol which have been more revolutionary. Despite that, Bitcoin still remains at the top with far more than a 25% market cap.
As it stands, there's no real reason why this would change but if things do progress then it's fair to say that there's a possibility that BTC's percentage of the total market cap will decrease although tonexactly what nobody can predict with certainty.

[tmfp]

Maybe the bath salts addled publicity hunter has signed up for Onecoin.

[uscoin1]

Might be true. With new coins like Spectrecoin , Spectrecash that takes the best of zcash, monero, etc and makes it its own, it basically the best of the best.
 What he say might b right.

[RodeoX]

I see no evidence that this will take place. I think he is guessing just like the rest of us.

[trollercoaster]

I think he will be correct.

[Xester]

Let him make a guess, its his opinion and he has the right to speak his own opinion. Probably he was worried about the effects of the release of the fiat digital currency in the market, and with the banks as its author there has to be some pull of investors from bitcoin. But I am seeing a different view though bitcoin may be affected by the fiat digital currency it will survive the wave and will again prove himself as the king of digital currency.

[davis196]

Might be true. With new coins like Spectrecoin , Spectrecash that takes the best of zcash, monero, etc and makes it its own, it basically the best of the best.
 What he say might b right.

All the altcoins exist because of bitcoin.Altcoins are getting improved,bitcoin is getting improved as well.
The altcoins will never have the level of trust which bitcoin has.
Anyway,after 2 years bitcoin might be destroyed by governments,central banks or something else.

[NUFCrichard]

The only way that I see that he will be correct is if a central bank or large company releases a coin.
If Apple or Paypal migrated their payment services onto a cryptocurrency, then I think they would be worth more than Bitcoin is now.

The current crop of Alts aren't going to overtake Bitcoin. ETH was a decent idea that has been poorly executed. Something similar could be successful, but I don't see at the moment what that is.
Many alts have no chance of making it big from the outset as they have feature, such as anonymity, that will never be accepted by the mainstream.

[boyptc]

Another person that wants to put fear to the new investors. This is a so called black propaganda I can't even see that bitcoin is going to be overcome by another alt coin or some sort of the same crypto/digital money. He is just trolling around so that most of the hoarders once heard his speculation will be feared and sell the coins they've got.

[tiggytomb]

He could be right, bitcoin develoment is slow and will not really change too much, we see altcoins coming out with new ideas all the time I think within the next two years we might just see that one alt that takes over, bitcoin will not die but would act as an investment rather than a coin for everyday use.

All speculation but it is just a matter of time until something else happens.

[freshman777]

I think Bitcoin will have 50% in 2 years.

[OmegaStarScream]

To be more precise , bitcoin dominance is currently 85.5% . If we manage to get through the whole blocksize debate and activate Lightning network too , I doubt people would switch to anything else. In fact , we will have more userbase then ever.
2 Years doesn't look like enough time for new projects to develop , there are some interesting projects and ICOs at the moment indeed but surpassing bitcoin is definitely unlikely to happen.

[xuan87]

i don't think that will ever happened in two years, bitcoin still the best and the most used crypto currencies, and it show a lot of increasing user in the past few months and bitcoin has become more and more famous, and there are still no alt coin that can compete with bitcoin yet, so two years to beat down bitcoin until 25% is not possible

[pedrog]

Bitcoin has been losing market cap dominance over the years, but to have only 25% two years from now is quite a bold prediction, 60% is a more realistic prediction for such a small period of time.

It will probably take at least 5 years for bitcoin to lose so much dominance.

[batang_bitcoin]

I don't even think that bitcoin will only have 25% for only 2 years? Let's be real here, that guy surely wants to tell us that let's just quit bitcoin and join him with his new coin sensation to make him filthy rich. There's always a new coin and a lot of it already existing in the market but no one was able to surpass bitcoins market cap.

[_nur]

maybe not 25%

probably 50%

how about a poll?

[cellard]

He could be right, bitcoin develoment is slow and will not really change too much, we see altcoins coming out with new ideas all the time I think within the next two years we might just see that one alt that takes over, bitcoin will not die but would act as an investment rather than a coin for everyday use.

All speculation but it is just a matter of time until something else happens.

But he is talking about more than half the marketcap of bitcoin will move towards alts... that is ridiculous.

Again, for an altcoin to get out that much money out of bitcoin (or generate new one so high that it makes the existing btc marketcap be 25%) it would need to offer something ridiculously innovative. I dont see it happening in 2 years.

[ingiltere]

There's no competition right now. Suddenly some coin launch and takeover crypto-currency market? I don't think that's possible. While Monero stay in its own lane there's not even one altcoin that have the potential to be next Bitcoin. Almost all altcoins are scam, they can't race with Bitcoin under these circumstances.

[Raimonn]

Its possible that in two years we could see digital coins from governments (i don't think that we could talk about this digital fiat as crypto), and this could help that more users to know what is bitcoin. I don't expect that any new crypto-coin could move bitcoin down to only 25% of market in this small period of time.