>And, as predicted, tens of other organizations have come up with their own competing cryptocurrencies. Many of them are objectively more sound than Bitcoin. Bu

>And, as predicted, tens of other organizations have come up with their own competing cryptocurrencies. Many of them are objectively more sound than Bitcoin. But we're all meant to pretend that somehow, 1 BTC is worth $15,000 because it really is worth that, and not because Bitcoin is a distributed pump-and-dump scam. I am by no means an economics or marketing expert, but I think it's worth considering Bitcoin's "brand" impact and its history. Humans are irrational and do a lot of questionable things even with ample evidence of better alternatives to our choices. Tuur Demeester makes a comparison in this podcast (https://www.theinvestorspodcast.com/episodes/bitcoin-mastermind-charlie-lee-tuur-demeester/ https://www.theinvestorspodcast.com/episodes/bitcoin-masterm...) to Bitcoin/altcoins vs Coca-Cola and its competitors, starting around 1:05:20. He says that Coke had countless competitors trying to overthrow it as the #1 cola brand, but it stuck around as a result of familiarity and being of quality (my takeaway, not his exact words). He goes on to say that if Bitcoin survives with the same core developers trying to make it better and better, the brand attacks become less and less of a threat.