Barry42 on Nostr: #Bitcoin is drifting away from the crypto ecosystem. Bitcoin has built its own ...
#Bitcoin is drifting away from the crypto ecosystem. Bitcoin has built its own paper-based Layer 2 ecosystem through ETFs, MSTR, funds, and more. In this paper-based L2 Bitcoin, bridging to other altcoins is impossible.
Altcoins used to move together based on their correlation with BTC, but that pattern has now broken. Only a few are starting to show independent trends as they attract new liquidity.
Altcoins now have two options: create paper-wrapped versions like Bitcoin or build a real Internet money ecosystem using stablecoins or BTC. Altcoin investors should find a coin that can do one of the two and hold it long-term.
Altcoins used to move together based on their correlation with BTC, but that pattern has now broken. Only a few are starting to show independent trends as they attract new liquidity.
Altcoins now have two options: create paper-wrapped versions like Bitcoin or build a real Internet money ecosystem using stablecoins or BTC. Altcoin investors should find a coin that can do one of the two and hold it long-term.