NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

There Won’t Ever Be Only One Crypto, Says “True Bitcoin Maximalist”

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Since alternative crypto assets began to garner traction in recent years, some of the Bitcoin (BTC) community’s most fervent leaders have come out to denounce “altcoins,” as they’re adamant that BTC is the crème de la crème. In fact, some so-called “maximalists” have taken their raison d’etre to extremes, claiming that any blockchain project accompanied by a token is an outright scam, joke, knockoff, or mischievous cash grab.

As such, this subset of industry participants has claimed that crypto assets en-masse, save for BTC, will crumble to zilch over time. Yet, a blockchain developer of four years, who claims he’s the “only true Bitcoin maximalist left,” claims that the radical mindset is baseless, adding that a handful of cryptocurrencies will always exist.

Related Reading:  Charlie Lee’s ‘Own a Bitcoin Before Buying Altcoins’ Comment Sparks Crypto Tribalism

Crypto Market Demands More Than Bitcoin Can Provide

Bryce Weiner, a pro-crypto software engineer that formerly held stints at Reuters and Lockheed Martin, recently took to Twitter to tout why he doesn’t believe in pure, unbridled Bitcoin maximalism. Weiner, who has become a well-followed industry commentator, noted that from a fundamental point of view, consumers demand more from cryptocurrency and related technologies “than Bitcoin was EVER designed to provide.”

He added that from a market standpoint, BTC is not only hard to mine but to purchase too — likely referring to the network’s high hashrate and inherent nature as a Store of Value (SoV). As such, considering the abundance, ease-of-access, and multi-faceted use cases of altcoins, demand is always likely to exist for cryptocurrencies (other than BTC). So, going against the “one ring to rule them all” narrative, Weiner simply stated that there will never be “only one” cryptocurrency.

Bitcoin is hard to get. It's hard to mine and it's hard to buy.

Altcoins are infinitely more accessible.

The market demands more from cryptocurrency than Bitcoin was EVER designed to provide.

There will never be "only one" cryptocurrency. Not ever.

— Bryce (@BryceWeiner) January 19, 2019

The AltMarket founder went on to give Bitcoin’s supply limit some flak, noting that what gives cryptocurrencies “true financial power” is the ability to mint your own money, before subsequently lauding the Proof of Stake (PoS) consensus mechanism.

Weiner then added that those marginalized “stand the most to benefit from this technology,” and as such, Proof of Work-based coins, like Bitcoin, are more targeted towards those that have “privilege.” On the other hand, staking-eligible coins and tokens will see adoption by the less privileged, creating further demand for alternative cryptocurrencies.

The blockchain developer explained that the fact that altcoins haven’t capitulated to zero indicates that “the world hasn’t seen its fill of [cryptocurrencies] yet.” Although Weiner painted a somewhat optimistic picture for alternative cryptocurrencies, such as Ethereum and XRP, that’s not to say that Bitcoin can’t begin to regain market share.

Bitcoin Has And Will Continue To Outperform In Bear Markets

Since BTC entered a bear market in early-2018, the flagship cryptocurrency has begun to outperform its counterparts on the lower rungs of the proverbial crypto ladder. In fact, over 2018, Bitcoin’s market dominance rose from an all-time low of 32.5% to 58% by mid-December, as a mass of crypto assets tumbled into an abyss.

And as the bear season hasn’t come to a head, pundits have predicted that Bitcoin will continue to eat at the aggregate value of all cryptocurrencies. Per previous reports from NewsBTC, A.T Kearney, a multinational management consulting firm, recently divulged that BTC could occupy sixty-six percent of crypto’s entire market capitalization during 2019. Backing its ~66% target, the company stated that altcoins have “lost their luster,” citing the growing presence of “risk aversion tactics” employed by retail investors. Kearney’s researchers are likely referring to investors’ growing penchant for holding their capital in Bitcoin, one of the only cryptocurrencies that have proven itself as 100% bonafide.

Galaxy Digital founder Mike Novogratz, along with Fundstrat’s Tom Lee, also believe that Bitcoin’s share of this asset class will continue to swell. Novogratz, a former Wall Street giant, claimed that he didn’t expect for “BTC dominance to pull back any time soon,” claiming that the institutional focus on Bitcoin will put the asset in an advantageous prediction.

Featured Image from Shutterstock
Tweet123Share214ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto airdrop season begonnen - belangrijkste ETH airdrops van 2025 onthuld

SEC voorzitter bullish op crypto – innovatie plan en RWA plan ligt op tafel

In de cryptowereld is er belangrijk nieuws: SEC voorzitter Paul Atkins heeft zich openlijk uitgesproken voor een pro-innovatie koers richting...

Lars Diederiksen 1 hour ago

Prévision prix Cardano : les whales accumulent 140 millions de dollars, direction 3 $ selon Grok

Le marché semble encore marqué par la volatilité de ces derniers jours, mais certaines données on-chain racontent une autre histoire....

guillaumev 1 hour ago
Dogecoin news

Dogecoin Shows ‘Huge Gap’ To $0.07: Is A Crash Imminent?

A widely watched on-chain profile for Dogecoin is flagging a striking absence of realized cost basis between roughly $0.19 and...

Jake Simmons 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP’s Road to $5 Starts With a Dive to $2: $SNORT Presale Ends in 4 Days

Aaron Walker 38 minutes ago
XRP

Analyst Reveals The Chances Of The XRP Price Rallying 300% To $9 This Bull Run

Scott Matherson 44 minutes ago
Best Altcoins to Buy as XRP ETF Nears Approval and Institutional Buys Peak

Best Altcoins to Buy as XRP ETF Nears Approval and Institutional Buys Peak

Aaron Walker 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    1 hour ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    1 hour ago
  • 仮想通貨プレセールで2,380万ドル超を調達した新プロジェクト、次に爆発的成長を遂げる可能性も

    ...

    2 hours ago
  • 仮想通貨おすすめ:市場暴落からの回復に苦戦する中で今注目すべき銘柄

    ...

    2 hours ago
  • イーロン・マスクがドージコインの“エネルギー”を強調、新しい仮想通貨がさらに注目を集める

    ...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.