"Bitcoin has monetary premium, so XYZ token should as well!" is crazy mental gymnastics.
Bitcoin having monetary premium is an incredibly rare event.
Monetary premium on assets is the exception, not the norm. Wanting to assign it to free-falling tokens to justify their current valuation is pure cope.
BTC is 63.87% of the total crypto market cap, and when you remove scammish low-float tokens, the real number is closer to 85%. It operates in a completely different category from other tokens.
What other tokens have now is speculation premium. And that fades.
Bitcoin having monetary premium is an incredibly rare event.
Monetary premium on assets is the exception, not the norm. Wanting to assign it to free-falling tokens to justify their current valuation is pure cope.
BTC is 63.87% of the total crypto market cap, and when you remove scammish low-float tokens, the real number is closer to 85%. It operates in a completely different category from other tokens.
What other tokens have now is speculation premium. And that fades.
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