NEW!Incredible offer for our exclusive subscribers! Read More
AltcoinsBTCCryptoETHMiningOtherStock

Bitcoin Might Be Next Yahoo or MySpace, Says Veteran Trader Peter Brandt

1 Mins read

Veteran commodity trader Peter Brandt opined that Bitcoin could end up being the next Yahoo or MySpace in a recent tweet.

Source: u.today

Brandt believes that newer tech could essentially relegate the “apex predator” of crypto to the sidelines, essentially turning it into another internet fad:

Might newer tech make $BTC the Yahoo of Google or MySpace of Facebook?

January 2018 wants its narrative back

With yet another alt-season turning red hot and Bitcoin staying dormant for several weeks, the market share of the oldest and largest cryptocurrency continues to plunge. The king’s dominance has now slipped below 45 percent but remains far above its all-time low of 32 percent that was logged in January 2018.

Due to the ongoing rotation of capital into altcoins, it is not surprising that the flippening narrative is picking up steam.

However, the likes of MicroStrategy CEO Michael Saylor strongly reject the idea of Bitcoin becoming another MySpace since it is already too big to fail:

At its peak, MySpace was valued for a day in a single private transaction at less than .06% of #Bitcoin, which has grown faster to a larger market capitalization than any company in the history of the world. We trade one lifetime worth of MySpace in $BTC every few hours.

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock

Binqwix.com collaborates with Stake.com to offer Crypto services for its users

1 Mins read
Binqwix.com has collaborated with Stake.com to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther

Tradex-wallet.com staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…
AltcoinsBTCCryptoETHOther

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with Cryptwex.com financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published.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