RE: Why Bitcoin Could Reach $23,000 Soon

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Why Bitcoin Could Reach $23,000 Soon

in bitcoin •  7 years ago 

You seem to put financial institution and "most people" in the same bucket here. A rotation back to btc is indeed certainly happening due to Lightning or Segwit in "most people" case. But don't you think that a financial institution is more likely to go for a more practical solution as Ether or Ripple, all things considered ? I think they are less known to follow herd mentality than to actually make it. That could be a scenario where ether seriously threaten bitcoin domination again imo.

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No because even financial institutions understand most of these cryptocurrencies are not ready for real world use or that they are overvalued relative to their real world use, hence perception is everything. That's kind of the point of all this - Perception is all that matters. Reality was lost a long time ago.