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Tuesday, October 24, 2017

Crypto News: Bitcoin Crushing Other Cryptocurrencies, Before They Can Crush Bitcoin

Bitcoin Crushing Other Cryptocurrencies, Before They Can Crush Bitcoin

Bitcoin's biggest long-term threat isn't big governments and central banks. It's the very technology behind Bitcoin that can be used to create other cryptocurrencies.

This is evidenced by the rapid growth in supply of other cryptocurrencies that are competing with Bitcoin. A larger supply of cryptocurrencies has the potential of eventually crushing Bitcoin prices, as a larger supply of tulips did to tulip prices back in the 19th century.

But judging from the performance of the cryptocurrency markets recently, Bitcoin is crushing other cryptocurrencies -- before they can crush it.


Full story at http://bit.ly/2yQniSd


Source: Forbes


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