Cyber Capital Founder Says Bitcoin is “One of the Worst Cryptocurrencies”
Justin Bons, the co-founder and the chief investment officer of Cyber Capital, calls Bitcoin one of the most useless and worst cryptocurrencies based on its technological prowess. This week in the crypto market, a lot of changes have been rolled out, to name a few, the crypto market has lost its market capitalization by a grave number, and almost all of the cryptocurrencies are shining in the bright red colour.
The speculative nature of the crypto analysts and other personnel having a deep interest within the crypto market is to blame for they continued to spread rumours that the corrections and the bear market would soon be over and the whole thing would be interchanged with the bullish market as the shift approached that is going to change the crypto market price momentum for good.
According to Justin, many cryptocurrencies out there have gone through some massive changes; they have undergone a variety of different security as well as technological updates that have made them savvy in terms of their use case and broadened the horizon a bit more.
It means that these cryptocurrencies are valid according to the latest shifts in blockchain technology, but Bitcoin remains stagnant and kind of dead in the water.
It hasn’t gone through any major updates in the past, and the consensus protocol of Bitcoin remains the same, which is proof of work; at least it should have made a shift into that by converting this consensus protocol into the proof of stake consensus, but no, Bitcoin has not changed at all with the curves of time.
Bitcoin as a Store of Value
Cardano and Ether are both undergoing newer updates and upgrades come September, and these are going to present the world with a more interesting and savvy way of not only investing in crypto but also using the platform for tons of other stuff.
You can use Ether to create NFTs, smart contracts, or develop your own crypto tokens, it provides tons of functionality and feasibility, and Bitcoin only is a store of value and nothing more.
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