The topic that bitcoin has many rivals, even inside the crypto pool, is stretched very much to rather extreme limits which is baseless at that point. Pierre Rochard, a crypto analyst running the Bitcoin Advisory explains it in a single crucial statement that can put facts straight for the crypto giant as we move forward. The entire scenario that is presented to the public where various cryptos are put against each other in feuds, the likes of which is the bitcoin vs ethereum which is more like the decentralization vs modified centralization feud, is completely absurd. The real comparison would have to be between bitcoin and the USD. Though there is much to attain and gain for bitcoin to enjoy the same mega-stature, bitcoin is certainly the contender to contend for being the future sole global currency. Rochard suggests that the matter at hand is to make bitcoin able and worthy enough to contend with the USD for the major title, not include it into the feuds inside the crypto premises. The debates over what is the most efficient method to pursue sure holds waters as it can lead to further improvements, nevertheless, the mere comparison of cryptos is futile. BlockPublisher garnered some remarks from the very man over the entire situation declaring bitcoin the sole representative of cryptos.
Apart from the constructive talks over the comparisons among the cryptos, the biggest competitor for bitcoin is the USD which the crypto is yet to surmount. Snatching the marketshare would be the big win and that is what every crypto enthusiast is anticipating with high hopes. Merely talking about minor comparisons with the likes of tamagotchi emulator is utter nonsense.
The bitcoin must possess the same amount of liquidity as the USD which must be duly catered for with the help of mass adoption and other features that draw bitcoin out of the shadows into the spotlight. Rochard further showers light over the fact as the Peter Randall denied this can ever be achieved. Randall of the founder of SETL and describes that bitcoin can only dream of the thing when Rochard threw his statement.
When you set aside rabid Keynesian dogma and faith-based Chartalist ideology, and instead carefully and objectively analyze the facts, it becomes rather apparent that Bitcoin is on a path to being much more liquid than the USD, by several orders of magnitude. Just reality.