Why do shitcoins exist? In its origin it was to focus on specific niche trade offs. Speed of transaction and privacy were the most important. And of course it was used for large scale pump and dumps.
We now enter the last time that there was a niche use case on a L1.
Every technology necessary to become global money has now been developed on bitcoin.
It’s now a matter of scaling and reaching the masses.
The issue: grifters, diversifiers, tradfi, central banks, large global corporations intertwined with government, rich Ponzi adjacent “investors”, regular government adjacent workers (>50% of most western countries), mainstream media etc.
So it will be slow, we will still have major swings. When markets become rational, they take secure control of their bitcoin. That’s the moment supply is thin and major swings start to occur. Bitcoin still has to go through a real phase of adoption. It’s very questionable if that point with the common man will be in the next year/years.
Something major has to change.
In my opinion this is the split of bitcoin and crypto. It has to happen. If it doesn’t we all lose freedom through overregulation. If your goal is to make more bitcoin trading shitcoins, think about the long term effect. If it damages people & bitcoin think twice. This is our last opportunity to facilitate freedom and savings for mankind.