Tweetstorm: investors need to consider bitcoin separately
source link: https://decentralize.today/tweetstorm-why-investors-need-to-consider-bitcoin-separately-from-other-digital-assets/
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Tweetstorm: Why investors need to consider bitcoin separately from other digital assets
DefiDive takes us through the highlights of Fidelity's latest report: Bitcoin First
Fidelity recently released a #crypto research report. Here are our favourite takeaways
1. #Bitcoin is the best form of money that exists today. It is only a matter of time before it proves itself
benefits from growing network effects that results in flywheel growth
It is very difficult for a competing blockchain to beat bitcoin without being highly differentiated
#Ethereum is a highly differentiated blockchain and offers enough USPs vs #bitcoin to rival the original cryptocurrency. Ethereum is designed for different uses cases and this chart summarises the key facts you need to know
#Bitcoin and #ethereum will coexist alongside each other Bitcoin will fulfil the role of a non-sovereign monetary good
Other blockchains that use tokens with a monetary value will need to be directly or indirectly connected to bitcoin
There could be 'a one blockchain takes all' future. If projects are mainly built on one blockchain, instead of creating new ones, they should pick the most secure. #Bitcoin could be the favourite layer one blockchain because it's the most decentralized & secure choice
If you want to read more, check out the full report here:
https://fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf
(There you go...we've downloaded it for you. dt)
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