uneng
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September 06, 2022, 06:18:43 PM |
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I believe to force bitcoin to be the only cryptocurrency goes against the principles of bitcoin itself, so it's not executable. People must make use of their free will in order to choose what cryptocurrencies they would like to adopt, invest and use in their lives. If they don't think bitcoin is a good option for them, let them go through this route, taking the consequences for their choices.
But to say the truth, I think you shouldn't worry too much about it, because the main reason why bitcoin slowed down wasn't due to altcoins, rather it was due to the global economical scenario and I would point US economical measures more specifically. Investors haven't stop investing in btc to invest in altcoins. They have stopped investing in btc to invest in traditional markets and economies.
Nothing can be done about that, though, besides patiently waiting for the right time when bitcoin will become bullish again.
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