Bitcoin’s success isn’t just about its price going up and down. A crypto expert points out that its real strength lies in something much deeper: a powerful combination of smart design and a loyal community.
The Power of Holding
This expert, known as GhostOfTanzCho, explains that Bitcoin’s massive success comes from its unique “holding culture.” People believe in Bitcoin so strongly that they refuse to sell, even when the price drops. This unwavering belief is what sets Bitcoin apart. No other cryptocurrency has managed to replicate this level of dedication. Interestingly, however, a new cryptocurrency, SPX6900, seems to be achieving this.
Supply, Demand, and Belief
GhostOfTanzCho argues that a cryptocurrency’s success boils down to simple economics: supply and demand. A strong holding culture reduces the supply (less selling) and increases demand (more belief and interest). This is precisely what happened with Bitcoin, and what SPX6900 appears to be replicating. This makes SPX6900 a potentially significant player in the crypto world.
Long-Term Vision Beats Short-Term Gains
This “hold-forever” strategy is the key to becoming a major cryptocurrency, according to the expert. When enough people believe in the long-term value, short-term price fluctuations become insignificant. The culture of belief wins.
Bitcoin’s Next Big Move?
Meanwhile, the global money supply is increasing rapidly. This historically leads to major growth in the cryptocurrency market, and Bitcoin is already showing signs of a big surge. The price is over $115,000, investments are flowing in, and the total crypto market value has exploded. However, there are potential risks, like central banks changing their policies or large holders selling off their Bitcoin. Keeping an eye on these factors will be crucial.