So in other words, the more it gets used, the more stable it will become. Definitely an unstable equilibrium, as the more volatile it becomes the less adoption will happen... I gotcha. Wonder if you've read any of John Mauldin. He's big up in macroeconomics and the powers and failures of central banks. I did Endgame and am working through Code Red (the audiobook is awful - it's like read by a 10th grader). I'll warn you - he ain't a fan of BTC.
Interesting. Care to guess on four years from now? I am going to say $30k. Ethereum didn't exist four years ago, and from what I see, it is eating BTC's lunch: https://twitter.com/sassal0x/status/1072248386114412545 although the market doesn't reflect it yet.
The second, third, fourth, fifth, seventh and tenth cryptocurrencies on Coinmarketcap's market capitalization chart are Ethereum or Ethereum sidechains. All together they do not match the market share of Bitcoin, but then there's still 11, 15, 16... the fact that there's more Uniswap tokens out there than Solana (and more Solana than Avalanche... barely) says a lot. The Block sent this out yesterday. "Oh? Oh really? I know Rust, I don't know Cairo... do go on." "I must admit to a blind spot here, I guess, because this was not a rivalry I was aware of..." "Oh."
