Bitcoin has been the dominant digital asset in the cryptocurrency market. Its market capitalization has surpassed $1 Trillion, and has seen massive gains in price value since institutional adoption through spot ETFs. This puts Bitcoin (i.e. BTC) in the top position for corporate and retail investment in digital assets. It is even being considered for sovereign wealth funds and strategic reserve asset.
There are also other cryptocurrency that are competing with Bitcoin. This includes altcoins like Ethereum, XRP, and Solana. While many cryptocurrency claim to provide a utility, others are just quick money grabs (aka pump-and-dump schemes) that offer no utility other than speculation. Bitcoin’s strength has been its native currency’s scarcity and security provided by its network.
The Bitcoin narrative that proponents push is the function of superior store of value. This has been proven through the years, since it first traded in the open market back in 2010 when BTC was worth less than $0.40. By 2025 it had soared above $100K per BTC, which would make early buyers very rich if they were to sell and realize its value. This is enough conviction for proponents like Bitcoin maximalists (i.e. maxis) to believe it is the best hedge against inflation and the only digital asset that should exist.
