Lately, I’ve been contemplating why Bitcoin’s price hasn’t been growing as expected. Despite its potential, we see Bitcoin reaching new highs only to pull back. While market manipulation or regulatory concerns are often blamed, I believe the real issue lies elsewhere: the sheer number of altcoins.
There are thousands of altcoins today, many of which offer little to no real utility or value. These coins divert capital that could otherwise be invested in Bitcoin. Instead of putting money into a time-tested asset with a decade-long history of resilience and growth, investors are chasing the next "moonshot" altcoin.
Imagine if all the funds poured into these worthless coins were invested in Bitcoin. I am convinced that Bitcoin’s price would have already surpassed $1 million. The fragmentation of investment is holding back Bitcoin’s true potential.
I’d love to hear your thoughts on this. Do you agree that the flood of altcoins is diluting Bitcoin’s growth? Or do you see another reason for Bitcoin’s current price levels? Let’s discuss
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