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We're still insanely early. Given bitcoin's monetary properties, a $1T market cap is ridiculously small.

• tudelo 5y ago
  Tangentially related, do you have any thoughts on ethereum or other alternative crypto projects? Or are you bitcoin or bust?
  • scottmsul 5y ago
    I personally only own bitcoin, but obviously there's other opinions out there. The way I see it, the goal of bitcoin is to store value, whereas the goal of other projects is to achieve some non-SoV utility (payments, smart contracts, etc). First, solving the money problem is a much bigger deal than solving utility problems. Second, as the bitcoin ecosystem evolves, I believe technological solutions will be developed on top of bitcoin for those utilities, negating the need for separate tokens.
    • tudelo 5y ago
      Thanks for the insight. It will be really interesting to see were bitcoin and altcoins land in 20 years. I'm a crypto-noob personally and have only dabbled, but in the short term the world outside of bitcoin looks pretty damn interesting.