There are still people who claim that Bitcoin is the myspace of the crypto world. MySpace was the first social platform, but was later overtaken by Facebook and other alternatives.
Although Bitcoin is still well for the competition after 16 years, there are still people who believe that the rule is coming to an end.
Bitcoin is larger than Facebook
The funny thing is that the comparison is now becoming a bit painful. Bitcoin is called the myspace of the crypto world, which will ultimately be overtaken by something that Facebook should represent.
But at the moment Bitcoin is simply larger than Facebook, that “success” has to predict in the analogy that people are so happy to tell that Bitcoin will still be overtaken.
Under Tom Honzik’s post there are still many people who respond that Bitcoin will be overtaken and that it is only a matter of time.
The only reason that people hope so fiercely is because they can earn money with it. Not because they actually believe that technology is better. That is not the case.
Still relatively small
Although Bitcoin is already larger than Facebook (meta), the digital currency is still a relatively small project. For many people, Bitcoin is a savant that competes with gold.
Most companies are “within reach” for Bitcoin, but the market value of gold is still far above that of the digital currency.
Gold has a market value of 22.793 trillion dollars. That is about 9.66 times as much as Bitcoin’s. If they come to the same level, you would now work with a Bitcoin course of $ 1.140 million per coin.
Source: https://newsbit.nl/is-bitcoin-het-myspace-van-de-cryptowereld-dat-ingehaald-wordt/
