Competition from Altcoins and CBDCs
By: admin
economic
Criticism: With thousands of altcoins and upcoming central bank digital currencies (CBDCs), Bitcoin risks becoming obsolete.
Counterarguments:
First-Mover Advantage: Bitcoin's network effect and recognition as the original cryptocurrency give it a significant advantage.
By: admin
Security and Decentralization: Bitcoin's robust, decentralized network is unique among cryptocurrencies, while many altcoins sacrifice security for speed or scalability.
By: admin
Resilient to CBDCs: CBDCs aim to support government policy, while Bitcoin's decentralized nature appeals to those who prefer a non-governmental store of value.
By: admin