Ok folks- this is not financial advice- I’m as foolish as anyone.
That being said- I have a prediction. Bitcoin and Dogecoin will be the last two crypto standing.
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Bitcoin- oldest and original blockchain- upon which many subsequent crypto currencies are based.
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Dodge coin- recognizable, secure, controlled (and predictable) inflation, good liquidity, high transfer speed.
Bitcoin is already being used as a secure alternative for capital holdings. Many businesses are investing in Bitcoin as a hedge against national currency inflation. The high confidence in bitcoin will keep its value high, and if authentic can be used as legitimate securities.
However- over time due to high demand and a predictable limiting supply prices are going higher and higher. Seen another way- the price increase could also represent dollar value loss.
In any case- I believe there is an under estimation of how many authentic bitcoins are destroyed due to data hardware, software, or user induced loss.
If Bitcoin price continues to rise, holders may be reluctant to conduct transactions in what is a secure and appreciating asset.
Enter Dogecoin. Immediate recognizability. Every other Bitcoin spinoff crypto has some unique property or name, but who is going to remember all these other tokens? Due to its high liquidity- Dogecoin makes a good currency. Additionally- the hyper inflation of national currencies makes a digital currency a preferable means of conducting business. If such a popular catalyst were to occur- i believe Internet users, and subsequent generations will gravitate to the most memorable crypto with the aforementioned advantages for their normal day-to-day transactions. These are the same people that brought you boatymcboatface when opting for their spending money of choice- they’ll take great joy in making banks manage their Dogecoin accounts. It will give subsequent generations the sort of humor they’re gonna need if such a catalytic event drove people to conduct their business transactions and something other than their national currency.
So in a world where cryptos are the way we conduct transactions, I think of Bitcoin as gold and Dogecoin is copper.
People who own these tokens will be ahead of the curve if society truly transition to Blockchain currency models. Otherwise- people who don’t have them will seek them out- until an equilibrium is reached.
Furthermore- I predict the price increases of Dogecoin will continue following the Fibonacci sequence. Currently priced between 5-8 cents.
Anyway- curious for feedback- I certainly could be wrong- that’s the hazard of making predictions.
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