How Shitcoining Crypto Losers Think [After Bitcoin jumped from $28k to over $34k in 1 week!] 💩🪙

In this video, I discuss the importance of market cap as a way of measuring a cryptocurrency's adoption and success. What is the single best metric for measuring cryptocurrency success/adoption over time?

Is it the number of devs working on your project? Hint: Ethereum had a huge unethical premine that it can use to hire lots of devs to help keep modifying the base layer and hard-forking it into non-existence.

Nope, it's market cap (on real volume). Low volume creates a fake market cap: you could print up a trillion tokens and sell just one of them to a friend for $1 to get a $1 trillion market cap for your cryptocurrency.

Bitcoin has been and remains the most successful cryptocurrency over the years as measured by market cap.

The larger an asset's market cap, the more that large investors can participate. If your market cap is only $1 billion and I have $100 million to allocate, I cannot play the game.

The more that large investors can participate, the higher the market cap goes.

It's a virtuous circle on the way up (BTC), and a vicious circle on the way down (BCH) & worse (BSV).

We're now at a market cap with Bitcoin where it finally makes sense for a huge player like BlackRock to get involved. BlackRock's involvement will enable family offices, endowments, and corporations to follow in MicroStrategy's footsteps and easily add BTC to their balance sheets.

It's going to be ETF BTC, and not sovereign BTC, but that's OK because it still increases adoption and market cap. You and I can continue to hold BTC and never let BlackRock get their hands on it.

The next step up in the adoption curve is: nation-states and central banks adding BTC to their balance sheets.

Bitcoin's purchasing power continues to increase not just against traditional assets, but also against all other cryptocurrencies.

Hoping that your crypto doesn't appreciate against other assets so that people won't notice you is the sign of a loser mentality.

Top crypto by market cap:
https://coinmarketcap.com/

Most successful companies measured by market cap:
https://www.slickcharts.com/sp500

2017 crypto snapshot:
https://coinmarketcap.com/historical/20171217/

2014 crypto snapshot:
https://coinmarketcap.com/historical/20140126/

FinCEN proposed regulation:
https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency

https://www.fincen.gov/sites/default/files/federal_register_notices/2023-10-19/FinCEN_311MixingNPRM_FINAL.pdf

Imagine, everything there is and everything that will ever be, divided by 21 million:
https://twitter.com/knutsvanholm/status/1316976860111265793

Original Video by Bitcoin University: https://www.youtube.com/watch?v=TTfj9M4hBMU

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