Some ‘Alternative’ info and thoughts about ‘Alt’coins

1. If BTC could absorb the marketcap of ALL the coins except for the top 10, it would increase… only 20%. The idea that altcoins hurt BTC is likely false. Competition is healthy- it means there is demand. So we can relax, altcoins aren't ruining your investment.

2. There are not 17M + "alt" coins. Those are mostly memecoins or very specific use case driven projects leveraging blockchain concepts.

3. As noted in the first bullet, 80% of the value is still in the top 10. After about the top 1000, the value isn't worth talking about.

4. If we have decided BTC is the store of value, then it's fair to say many of the top 100 are more prepared to serve as a payment system, or deliver a business specific use case. This means they aren't an alternative to BTC, and they aren't competing for the same marketshare.

5. Smart contracts are an "alternative" concept- the added value to blockchain continues to evolve. If this proves to be valuable enough within a store of value use case, then perhaps that is an "altcoin" directly competing with BTC.

6. "Altseason" 4 years ago mostly applied to ethereum and new coins. Now we have a wide variety of alts in the top 1000, all in different stages earning marketshare. Many top coins have higher marketcaps, so achieving 10x or more from those levels does seem challenging. New coins face competition, and much greater scrutiny, so the percentage that breakout will not match the last cycle.

7. Higher Marketcaps? This doesn't mean they are sitting near all time highs – some are though! It means many are sitting at higher lows than 4 years ago. Btw, if you are achieving higher lows, that does not mean you are disappearing, that means you are growing. A common talking point is these projects are disappearing, which simply is not true.

8. Calling any alt a "shitcoin" is a pathetic attack which ignores the potential value of using the technology. Just a reminder, they are building upon the same concepts BTC leverages. More folks believing in blockchain tech strengthens the space, including BTC. It would be good to see open discussion again about what is being achieved with the mindset that not everything is a threat to your investment.

In summary- while the narratives attack altcoins, they really aren't hurting BTC investments. There is a variety of market opportunity that BTC is not suited for. Investing in altcoins is more challenging than 4 years ago- choosing from old and new, big and small. But it is healthy and positive for the space overall if investment continues.