I think this makes a lot of sense since it really does not make sense that bitcoin is worth over $100 billion in market cap while the sum of all the other which are over 1,800 right now are below that figure. While I admit that bitcoin is the king of cryptocurrencies and the leader going forward to the adoption in the space, it is not the asset that will create the most value as we see protocols that are truly innovating like our very own STEEM. The only feedback I will have with this comparison is to be careful as there have been many failed projects that are now worthless and are included in this analysis.
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Correct, and it doesn't take very much money to move a lot of these coins, at least in comparison to bitcoin. If just $1 billion left bitcoin and went into steem, we would see 10X in the price. That would represent less than 1% of bitcoin's market cap.