That's a great question and I wish I had a definitive answer to it. I've strained my brain on this one for a while now, but we really haven't observed it happen to any cryptos yet so it's hard to say. Bitcoin will never ever replace the usd. It's not going to happen. It's a store of value and always will be and it will never be accepted in every business on earth unlike fiat, it's not feasible. When the last bitcoin is mined, miners will move on to transaction fees for profits on the various networks. As ownership very slowly changes hands on the market, value should go up at the same slow pace. What happens to gold when the last ounce is mined? Same thing. Here's where I get weird...I personally believe there will never be a crypto 'substitute' for the usd. Even if there ever is a crypto that can be exchanged at every single business on planet earth, still 'not feasible' it will only trade according to the value of a stable currency,, like usd. I truly do not understand why some peeps call the usd s%@#. It is and will always be a world contending currency. Compare it to the yuan or the ruble. A euro comparison doesn't matter as Britain and the U.S. are joint allies. If 1 government collapses, it would be due to war, which would ultimately mean they both have collapsed. The world could declare war on the U.S. and U.K. If there's no nukes then there's no fight here at all. If there's nukes, then there's no habitable earth left. Which now begs the question 'speculative' value vs 'utilization' value. Let's get weird again...im heavily invested in Shib. I honestly don't care how many businesses accept it. Truth be told, there is no ultimate,, all powerful 'hedge' to a value decreasing dollar. I buy Shib with fiat. Everybody does. If you trade 1 crypto for another, you still purchased that initial crypto with fiat. That will never change. Why am I invested in Shib then? Because of the blockchain it's built on. The blockchain is the money maker, Shibarium will be a revenue generator from dapps. Ive never cared how many places Shib Is accepted. If it can't make money, then the value is aesthetic/sentimental, based solely on 'subjective' opinion. The value of a Shib lays within the success of the entire Shiba ecosystem.. I buy and Hold AWK because until the end of times peeps will need water and infrastructure to access it. That will never change so the revenue will always be there. Now take STARL. It is the utility token for a soon to be released full fledged mmo, built upon blockchain tech. Supply vs demand. If it's a success, peeps will use it to expand their in game experiences with the STARL token. As more demand for the game grows, prices in game increase, which also increases the value of the token, as peeps are willing to spend more fiat for less STARL as the circulating supply constantly changes hands. Again, supply and demand. This process can repeat itself over amd over again and that's how a meta coin can reach .10, $1, $10 and so on. It has utility that is only accepted in 1 place and that's the STARL Metaverse. Of all the thousands of cryptos and now meta's, I'm only interested in the ones that run on their own 'ecosystems' thus adding value to them. Also, just like how Shib has multiple coins in their ecosystem, Bone, Leash etc, a project like STARL could also implement the same idea and offer various tokens, all adding value to the original STARL token. As long as the demand outweighs the supply, the value will continue to increase. The circulating supply of STARL will never stop circulating as it is based on the value of the mmo itself. All imho of course. We shall see how situations like these play out. I have no doubt though that the STARL tokens I'm holding will continue to increase in value as time goes on. When a company issues new shares, they usually use the proceeds as a way to add value to the company, even if it temporarily decreases pps only to rebound if the intrinsic value is there. These meta's can release multiple utility and governance tokens in the same way. Resulting in an increase of the original token.
STARLINK FIGHTERS!
