Investors are looking for the next Bitcoin…
Have we found the god protocol?
With the explosion of interest in cryptocurrencies in recent months that saw Bitcoin pump and 100m new wallets opened, large asset manager BlackRock slow to the party made a move investing blockchains and mining. The Elon Musk effect shows how fickle Bitcoin can be, with MicroStrategy doubling down on a BTC BUY strategy, and of course the feeding frenzy around NFTs and DeFi projects — investors are looking for the next Bitcoin.
We know investors like to get in early as the multiple crypto-billionaires can attest. Everyone now realises Blockchain as a significant technology is here to stay. We have witnessed the explosive growth in the value of Bitcoin, and their forked brethren Ethereum, whos recent move has surprised many, have accelerated Ether supply, that will impact price at some point, versus Bitcoins fixed supply, an important factor is supporting price.
But here is the thing, the investors who were not early adopters, and that is 99% feel aggrieved they missed out when BTC when it was under $100 or even $1000. They didnt see the light early enough, further annoyed because they also missed out when Ethereum was under $50. In many ways investors at the time were forced to accept second best as they pile fresh capital into new projects built on Ethereum — Solana, Polkadot, Chia…
