Why Bitcoin is the King of Crypto!!

While reading articles on cryptocurrencies and blockchain you would have often thought about the following:

Is Bitcoin the best Crypto in the market?

Should I invest in Bitcoin or chose one of the 100 new altcoins?

These are natural questions as you will often find contradicting and conflicting opinions. On one side you will find people praising Bitcoin and how nothing compares to it, other side you will have people complaining that Bitcoin's technology is now outdated and new altcoins are faster, BTC uses too much energy etc.

Let me share with you what are my thoughts on this topic and why I am convinced that Bitcoin was, is and will forever be the King of Crypto:

Original Crypto- Bitcoin is the original and oldest cryptocurrency. It has proven it's stability & durability for over 11 years. It has survived the numerous pumps and dumps and speculations that it will not survive. Each time it has come back stronger, and till today it maintains over 65% market dominance. Which means if you combine the value of all other coins in the market Bitcoin's value is DOUBLE of that. Just imagine that!

Truly Decentralized- Bitcoin was launched by an anonymous person who called himself Satoshi Nakamoto. Soon after he disappeared completely. This means there is no owner oe CEO of Bitcoin. It is truly decentralized and being run for last 11 years as per the protocols mentioned in whitepaper of Bitcoin. Why this is critical is because there is no owner there can never be any corruption or manipulation. For many new coins we see that dure to selfish interests of the CEO there is a lot of manipulation which spoils the coin despite good fundamentals. Recent example is money laundering allegation on TRON owner which has impacted the coin.

Limited Supply- Most of the new coins being launched have 100s of billions in coins in circulation which makes reaching even $1 per coin a difficult task. Bitcoin has a max cap of 21 million coins ever to be produced of which 18 million have been launched. This makes owning even 0.1 BTC a difficult task. Due to this Bitcoin will always be in demand and not suffer from inflation due to excessive supply

I am not saying you should not buy any Altcoin, I am just saying make sure you include some BTC in your crypto portfolio as it will always keep shining!

Most of the coins are very new compared to Bitcoin are far from proving their stability and utility.

Thanks for reading, and feedback or comments you have are most welcome!

Posted by me on Uptrennd- https://www.uptrennd.com/post-detail/why-bitcoin-is-the-king-of-crypto~MTc2Njc0