Bitcoin (BTC) Has ALL Of These Advantages Of Every Other Altcoin Available

Bitcoin has largely been the pivotal cryptocurrency that paved the way for them all. Even though it has gone through significant highs and lows, any cryptocurrency that challenges its obvious sovereignty has yet to succeed. Even when Bitcoin takes the slightest change in price, non-BTC altcoins tend to suffer the most. Murad Mahmudov, a crypto analyst with Blockchain, had some comments on this on Twitter lately.

This post gained a lot of attention and comments, and even had one user saying that the market cap does not hold a candle to Apple.

User Aristarchus said,

“Bitcoin's network effects will be no match against privacy coins that have the fundamentals needed to be a strong money.”

However, that one comment gave Mahmudov enough ammunition to support exactly what he means when he calls himself a supporter.

The post said,

“Let’s say there are 20 characteristics that matter for a Store of Value. ZEC/XMR are superior to BTC in 1/20 of them, but BTC is superior in the remaining 19/20. That’s a fact. It will be a very uphill battle, even for privacy coins. Also, BTC privacy is improving.”

He added images that support these claims, indicating that Bitcoin is essentially the leader in absolutely everything. Specifically, he listed the following areas that Bitcoin is superior to every other coin:

  • “Market capitalization”
  • “Liquidity”
  • “Credibility of monetary policy and scarcity”
  • “Popularity and brand recognition”
  • “Censorship resistance”
  • “Decentralization”
  • “Immutability and irreversibility of the ledger”
  • “Hash power”
  • “Network effects”
  • “Robustness of code”
  • “Durability”
  • “Equitable Ownership Distribution”
  • “Conservatism and difficulty of changing the protocol”
  • “Number of survived attacks and battle scars”
  • “Cult intensity & maximalism”
  • “Number of supporters and ‘HODlers of Last Resort’”
  • “Level of financialization”
  • “Infrastructure support”
  • “Number of memes & culture”

However, some Twitter users seemed unconvinced. One even pointed out of the number of benefits that Bitcoin holds does not matter, especially when it comes to privacy, noting that the system “reveals your entire balance when any money is moved.”

That did not stop Mahmudov from saying that,

“even though BTC struggles, they still ahead of most privacy coins in every other way. He even noted that there are efforts being made by BTC to strengthen privacy, but without losing the entire point of the blockchain in the first place.”

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $227.68B $12,804.2589 13.87% $13.85B
ETH $36.98B $346.7381 12.44% $4.57B
XRP $20.94B $0.4920 6.77% $1.13B
BCH $9.1B $509.5289 9.25% $510.75M
LTC $8.58B $137.5379 4.47% $1.34B
EOS $6.81B $7.3911 5.62% $1.3B
BNB $5.29B $37.4392 2.59% $227.86M
BSV $4.42B $247.4887 4.81% $246.99M
USDT $3.52B $0.9965 -0.02% $12.05B
TRX $2.64B $0.0396 3.21% $443.69M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.