It's a mog or get mogged world we live in. That's a phrase from the modelling community loosely thrown around to refer to an individual that looks better than everyone else in a given situation. This reminds me of bitcoin in a sea of crypto. Even ethereum can't compare to bitcoin's size and future potential.
Ethereum is founded by an individual that has control over where the price goes. He could get thrown in jail tomorrow and we'd see ethereum go down to 700$ again. It's simply how the world works. Bitcoin is unmoggable. You can't effect the price of bitcoin even if you control all of the news in the world, that's because you'd need evidence for everything you say about bitcoin, and fortunately, all of the evidence you can get is on the blockchain. This means that there's nothing you can fake. There are thousands of computers that back each request and transaction on bitcoin, it's unhackable and backed by the support of hundreds of millions of transactions each and every day. The fact that bitcoin is treated as a real and actual commodity is what changes the playing field for the rest of the industry. It's impossible to replace bitcoin for that very reason. Nothing is close to bitcoin's marketcap right now and it likely will stay like that for a very, very long time.
That's all for today; Cheers.
