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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Here’s Why Bitcoin’s Slow Speed Hasn’t Given Rise to “Faster” Altcoins

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Bitcoin

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.

Throughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives. “Speed” naturally became a selling point of many altcoins.

That being said, this was not enough to generate any type of investor interest or extreme utilization.

One prominent Bitcoin investor is now noting that this is due to a misinterpretation of what Bitcoin’s true purpose is. He contends that its utility and adoption does not stem from it being a payments rail, but rather its “ultimate use-case” as a digital gold.

That being said, he believes that the hundreds of altcoins launched with an aim of contesting Bitcoin’s status as the benchmark cryptocurrency are “useless” and “slowly dying” – while also forecasting that BTC will soon have 99% dominance over the aggregated market.

Rise of Altcoins Premised on Misconceptions of Bitcoin’s Purpose 

Altcoins were all the rage in late-2017 and early-2018, with investors pouring money into these tokens with hopes of garnering massive returns.

Although the use-cases put forth by many of these crypto tokens were wide in their breadth, one common theme is that they all marketed themselves as being faster than Bitcoin.

It is true that many altcoins process transactions faster than BTC, but one prominent investor and advocate is noting that this hasn’t given rise to any of these smaller tokens because they misinterpreted BTC’s primary use-case.

Max Keiser – an early investor in the benchmark cryptocurrency and the host of the Keiser Report on RT – explained that its ultimate use-case is being a gold 2.0 rather than being a payments rail.

“Hundreds of alt-coins were launched claiming to be ‘faster’ than Bitcoin. Flash forward to 2020: The world wakes up to BTC’s ultimate use-case as Gold 2.0 and *not* as a payments rail. Those hundreds of coins/ hard-forks (BCH) slowly dying in zombie land, more useless than ever.”

Max Keiser: BTC to Have 99% Market Dominance

Keiser also believes that this misconception will prove to be deadly for altcoins, with the vast majority of trading volume, capital, hash power, and attention heading towards Bitcoin.

He stated that at some point in the near-future, BTC will have absolute dominance over the crypto market.

“Alt-coin and hard fork supporters are fact-resistant. I just let the market do my talking for me. Bitcoin’s market cap, hash rate, and volume all heading to 99% of ‘crypto’ market,” he said.

Because Bitcoin’s dominance over the aggregated market only sits at 65% presently, a mass exodus from altcoins alone could be enough to boost it to fresh all-time highs.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

Bitcoin Price Slips Below $110K

Bitcoin Price Slips Below $110K, Is a Bigger Drop Coming?

Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward...

Aayush Jindal 2 hours ago
Bitcoin

Bitcoin Rally Slowed By Old-School Whales, Analyst Warns

A sudden move by a large holder and deep-pocketed early owners are being linked to a sharp wobble in Bitcoin...

Christian Encila 2 hours ago
ethereum eth

ETH Rallied 3,900% Last Cycle: With Institutional Demand Rising, Could History Repeat Itself?

Ethereum (ETH) has a history of defying expectations. In the 2020–2021 bull run, ETH skyrocketed more than 3,900%, climbing from...

James Halver 4 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

연준 금리 인하 가능성에 암호화폐 시장 강세... 다음 유망 코인은?

연준 금리 인하 가능성에 암호화폐 시장 강세… 다음 유망 코인은?

Soyeon Lee 1 hour ago
Ethereum’s All-Time High Sparks Short Squeeze Season—What Comes Next?

Ethereum’s All-Time High Sparks Short Squeeze Season—What Comes Next?

Samuel Edyme 1 hour ago
altcoins-win-next-bull-run-how-to-find-100x-gems-tw

哪些山寨幣有望成為下一輪牛市的最大贏家?如何尋找下一個百倍山寨幣!

Mark Mak 1 hour ago

Premium Sponsors

Press Releases

  • Obchodník premenil 160 dolárov na 640 000 dolárov na novom, skrytom memecoine založenom na Solane len za 12 dní.

    Obchodník premenil 160 dolárov na 640 000 dolárov na...

    7 hours ago
  • Okrem BTC, ETH a SOL sa očakáva, že v priebehu nasledujúcich dvoch a pol mesiacov vzrastú tri ďalšie akcie

    Okrem BTC, ETH a SOL sa očakáva, že v priebehu...

    7 hours ago
  • Najlepšie altcoiny, ktoré sa oplatí pridať na váš zoznam v roku 2025 na budovanie majetku

    Najlepšie altcoiny, ktoré sa oplatí pridať na váš...

    8 hours ago
  • Trader zamienił 160 dolarów w 640 000 dolarów na nowym, ukrytym memecoinie opartym na Solanie w zaledwie 12 dni.

    Trader zamienił 160 dolarów w 640 000 dolarów na nowym...

    8 hours ago
  • Oprócz BTC, ETH i SOL, oczekuje się, że w ciągu najbliższych dwóch i pół miesiąca wzrosną trzy inne akcje

    Oprócz BTC, ETH i SOL, oczekuje się, że w ciągu...

    9 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.