Bitcoin recently hit 61% market share, up from 40% after the first boom-bust cycle and 50% after the last one.
There is a gravitational pull toward Bitcoin. All the successful innovations on other platforms are being now ported to Bitcoin.
This matters so much more than people realize.
All the innovation that started in altcoins (smart contracts, blockchain applications, ordinals) is moving to Bitcoin.
I liken this phenomenon to Microsoft in the operating system days.
When Lotus 1-2-3 took off, Microsoft created Excel and brought it into the OS. WordPerfect succeeded, so Microsoft built Word. Then Microsoft bought PowerPoint early. All of these applications became standard with Microsoft, while the early startups were marginalized.
Bitcoin is worth $1.8 trillion. The next largest token, Ethereum is only worth $250 billion. Bitcoin gets most of the programmers now. They are gravitating toward Bitcoin.
The five applications that really matter are being built on Bitcoin—DeFi (Peer to Peer Payments, Trading, Exchanges, financial inclusion etc), Smart Contracts (supply chain transparency and traceability, asset trading and resource tracking) , Ordinals, Runes, and Layer 2 solutions like low cost micropayments.
This gravitational pull is accelerating.
We've launched a Bitcoin accelerator with @BoostVC and our own @Maxime_Bucaille. We’re two sessions in, and the results are fascinating.
Every entrepreneur building on Bitcoin has the entire ecosystem's momentum behind them.
Smart entrepreneurs are always building on the platform with the strongest gravitational pull.
That platform is Bitcoin.
When people ask what Bitcoin will be worth in 5 years, I say it will be worth one bitcoin. It may be infinite against the dollar as the dollar continues to inflate into nothingness.
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