Even before Michael Saylor dropped the now meme-immortalized phrase “there is no second best”, Bitcoin maximalism has been a staple of the crypto space. So much so that “crypto” itself became an unworthy moniker to describe Bitcoin’s weight and significance.
For Bitcoin maximalists, Bitcoin is Bitcoin and cryptos are altcoins, if not shitcoins. Now that Bitcoin is heading for a bull run, boosted by the 4th halving hype and Bitcoin ETF approvals, Saylor’s MicroStrategy is already over $1.2 billion in unrealized profit territory.
The Bitcoin meme maker himself wasted no time in visualizing the payoff from his Bitcoin maximalism strategy.
With such results on the table, it’s time to examine Bitcoin maximalism more closely. Is the simple holding of BTC tokens more sophisticated than all the altcoin derivative trading in the world?
The Core Beliefs Of Bitcoin Maximalism
At its core, Bitcoin maximalism is an extension of the first mover advantage. Having launched the Bitcoin
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