Monero Community Praises Bitcoin’s Brainpower Strength and Sees Adoption as Strong 10 Years In

2018-11-19 18:32

Amid a bear market that is affecting the whole cryptocurrency market, Riccardo Spagni, Monero’s leader and developer, showed that he is very positive about Bitcoin (BTC) and its future.

During a conversation on the Magical Crypto Friends show, he said that there is an increased criticism being made to the Bitcoin community. At the same time, he said that there are more issues arising among the BTC community.

About Bitcoin’s success in the market, he said that there is a lot of money that has been deposited into Bitcoin for it to fail. Nevertheless, he said that there is a remote but possible chance for Bitcoin to fail. For him, other virtual currencies have higher chances to fail.

On the matter, he commented:

“I think that there is too much brain power, research, adoption and money that has been poured into Bitcoin for it to fail. I truly believe that. Obviously, there’s always a chance but I think that the chances a Bitcoin failing are at this point infinitesimally small I think the chances of every other altcoin failing are higher.”

After this, he mentioned that he does not believe in a world in which every single individual would be using Bitcoin. This is a big difference with Bitcoin maximalists that are working for Bitcoin to be the only currency in the world replacing fiat money.

Spagni says that it can happen but the chances for it to occur are very low. Humans are not going to globally adopt Bitcoin as a cryptocurrency. There are other projects that can also compete with Bitcoin and take an important part of the market.

Monero is currently a top 10 cryptocurrency that can be purchased for $88 dollars. It has a market capitalization of $1.47 dollars.

origin »

Bitcoin (BTC) на Currencies.ru

$ 97370.97 (-0.10%)
Объем 24H $60.312b
Изменеия 24h: -3.14 %, 7d: -6.07 %
Cегодня L: $96831.4 - H: $97869.86
Капитализация $1929.781b Rank 1
Цена в час новости $ 4933.38 (1873.72%)

bitcoin market monero community friends btc crypto

Источник: bitcoinexchangeguide.com

bitcoin market → Результатов: 126


Фото:

Bitcoin rebounds above $95K after Monday’s plunge: what’s next for crypto market?

The cryptocurrency market is showing signs of resilience after a sharp downturn on Monday, with Bitcoin leading a partial recovery to climb above the $95,000 mark. Bitcoin had previously plummeted to a low of $89,000—its lowest level in 24 days—as traders anxiously awaited the release of the latest US Consumer Price Index (CPI) report. Major […]

2025-1-14 08:49


Фото:

Bitcoin’s bull market: how to read the signals in 2025

Bitcoin, rebounding powerfully from its bear market lows, has reasserted itself as a leading asset, significantly outperforming traditional financial markets in 2024. Fueled by the historic launch of Bitcoin ETFs in January, a new US administration seemingly supportive of the crypto industry, and the Federal Reserve’s shift toward easing monetary policy, Bitcoin’s resurgence has been […]

2025-1-1 12:39


Bitcoin Fees Drop 86% While Market Confidence Soars As Dominance Reaches New Highs

Despite an 86% plunge in Bitcoin transaction fees this quarter, market confidence remains resilient, with Bitcoin’s dominance hitting its highest level since April 2021. BTC's market share reached its highest since April 2021 this quarter Bitcoin's price traded mostly sideways throughout the quarter, while ETH and smaller tokens set new […]

2024-10-7 12:05


Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000

Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.

2024-9-23 03:01


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

AI agents: From 100x returns to market correction - What's next?

AI agents delivered 100x-1000x returns, but market correction followed the hype. The next phase of these agents will focus on real-world applications in DeFi and memecoin trading. In late 20The post AI agents: From 100x returns to market correction - What's next? appeared first on AMBCrypto.

Ethereum continues to struggles: Bears eye drop below $3K

Ethereum was unable to reclaim $3.4k as support during the most recent try. The liquidations data showed that price is poised for a move below $3k soon. The Ethereum [ETH] leadership has facThe post Ethereum continues to struggles: Bears eye drop below $3K appeared first on AMBCrypto.

Crypto market's weekly winners and losers – DEXE, JTO, PENGU, XCN

Top gainers: MANTRA (+18%), Jito (+8.88%), DeXe (+8.65%). Top losers: PENGU (-41%), VIRTUAL (-34%), XCN (-30%). The crypto market displayed diverse trends this week, with select tokens postiThe post Crypto market's weekly winners and losers – DEXE, JTO, PENGU, XCN appeared first on AMBCrypto.

Ripple moves 700 million XRP into escrow - What this means for prices

On-chain metrics revealed that exchanges have witnessed an outflow of $70.50 million worth of XRP. XRP could fall by 10% to reach $2.55 if it fails to hold the $2.88 level. Amid the current The post Ripple moves 700 million XRP into escrow - What this means for prices appeared first on AMBCrypto.

Arbitrum whales, retail sellers drain ARB: Will it sink to new lows?

ARB recorded the highest negative chain netflow in the past 24 hours as liquidity was withdrawn. Large holders continued to offload their ARB holdings. In the past 24 hours, Arbitrum [ARB] hThe post Arbitrum whales, retail sellers drain ARB: Will it sink to new lows? appeared first on AMBCrypto.

XRP TVL surges past $80M while ETF hype builds - What's next?

XRP's TVL surpasses $80 million, marking a rapid expansion in the DeFi space. Rising network activity and ETF speculation contribute to XRP's strong bullish momentum. XRP has started 2025 wiThe post XRP TVL surges past $80M while ETF hype builds - What's next? appeared first on AMBCrypto.

Too many altcoins? Why capital is drying up for small tokens

Bitcoin’s rising dominance is sidelining altcoins, raising doubts about future explosive altcoin rallies The flood of new tokens is diluting investor interest, making altcoin surges harder toThe post Too many altcoins? Why capital is drying up for small tokens appeared first on AMBCrypto.