A Less-Dominating Bitcoin in 2021? 

14 Jan, 2021 CryptoParrot

As we all know, Bitcoin is, at the moment, the undisputed king of the cryptocurrency world. However, the throne might be at risk. Even with the currency rekindling its fumes to a second round on its recent rally, a whitepaper released this week by Peltz International questions how long BTC dominance will last. 

According to the paper, the digital gold status of BTC will remain unquestioned. Nevertheless, the dreams of Bitcoin maximalists of replacing the metal will keep on the ethereal realm. Even though the future of the coin is indeed to become a safe-haven asset, this won't mean Gold will be forgotten to history. Rather it will mark the start of a dual haven status. 

On other news, a more pressing matter that might thwart Bitcoin's plans for the future is a more pulverized Crypto economy. The company states that starting in 2021, we will start to see BTC's dominance weakening. The comeback kid in this scenario is likely to be Ethereum. The future updates to its network in 2023 might be a kickoff to a more detached coin from its older sibling. Signing a fundamental departure to its current status of a mirror to BTC indexes.  

User Avatar
WRITTEN BY

CryptoParrot

Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]

Related articles

Gamers Vs. Miners: the Weirdest Crypto Battle Yet

Nvidia is purposely building its new RTX Cards graphics card to feature Ethereum mining limiter.…

2mins 5 Mar, 2021 CryptoParrot
Is ADA Entering the Crypto Main Stage?

Cardano is heating up, with new all-time-highs can ADA move to the top in the crypto world?…

2mins 3 Mar, 2021 CryptoParrot
Bitcoin at a Tipping Point?

With increased adoption, major rallies with all-time highs, BTC has certainly been a winner thus far in 2021. Will BTC become the "chosen one" for international trade?…

2mins 2 Mar, 2021 CryptoParrot
Demand for crypto debit cards surges 194% in 12 months

As the cryptocurrency sector matures, debit cards are gaining popularity while helping push for mainstream adoption of digital assets. Consequently, interest in crypto debit cards has been growing in recent months. …

2mins 24 Feb, 2021 CryptoParrot
Start trading

Buy & sell Crypto in minutes. Join the world's largest crypto exchange

Learn more

Comments

Login to comment