MicroStrategy’s Michael Saylor thinks about the possibility of BTC reclining as the crypto market leader, the chance of the happenstance is zero. The question is that postulation, right? Because talking about technology, BTC is quite lagging in the hot competition.
The Case Around BTC
From scratch, BTC has successfully repelled all its competitors in the market, considering the overall capitalization. Though, from the technical point of view, there are cheaper and faster blockchains out there. But the market still has its bias on BTC. With a clear dominance in the cryptocurrency market, it is still superior to the remaining cryptocurrency projects in the market, and it is with a recognized margin.
Even with that, doubt has beclouded the crypto community as to whether BTC will still retain its position as the market superior. Several traders and investors have predicted a flippening (which is colloquial to the overtaking of BTC by other cryptos). Paying attention to the recognizable defects of Bitcoin, it is possible to have a flippening case around Bitcoin.
Flaws like deficiency of privacy, low transactions in a single second, and the unprogrammable nature of BTC could generate uncertainties around the future of the current market leader.
Saylor sees a Bright Future for Bitcoin
Michael Saylor mentioned that there is a bright future for Bitcoin irrespective of all the shortfalls it has technically. His strong belief is premised on the fact that the price will be the primary reason why it will remain the market leader.
He added that the expression of BTC’s potential has barely begun, and when that began to happen, that will be the best thing you will ever witness.
He backed up his claim by mentioning the timeframe it took companies in the mainstream industry to reach a market capitalization of $1 trillion. He said that for Apple, it is 42 years, and for Microsoft, it took 44 years to rise to that standard, Google invested 22 years while Amazon waited 24 years, but for Bitcoin, it took a record time of 12 years to become a $1 trillion network.