Dan Held: Some Bitcoin fans act like a sect
The popular BTC evangelist mentioned the times when the culture around the oldest cryptocurrency was oriented towards extreme freedom
Former Kraken cryptocurrency market development manager Dan Held is convinced that Bitcoin supporters could decide to be more open to other cryptocurrencies and less disregard for the behavior of other participants in the digital currency market. In his opinion, a group of BTC enthusiasts can be distinguished, which nowadays behaves more like religious followers than serious investors. He also believes that a "soft" approach to promoting the largest cryptocurrency in terms of market capitalization would be more productive for it.
Some Bitcoin supporters look like a sect
The former Kraken cryptocurrency market development manager and current marketing advisor at Trust Machines compared a certain segment of BTC investors to adherents of some religion. In his opinion, aggressive maximalism against this virtual currency may be unhealthy. Dan Held even stated that these people lack greater openness to the rest of the crypto market. Strongly disregarding the choices of other members of the virtual currency community will not be beneficial for Bitcoin.
According to Held, a certain degree of intolerance towards people who support investing only in the leading cryptocurrency is required. During a conversation with Decrypt, he said that a more firm approach to these issues would ultimately be a more productive way to promote BTC.
A well-known Bitcoin evangelist criticized the behavior of some of the maximalists of this cryptocurrency trying to dissuade other people from investing in altcoins. In his opinion, the emphasis on presenting arguments in favor of BTC's long-term success would be much more useful here.
Among Bitcoin investors, Dan Held mentioned two main groups - the conservative and the more liberal.
"We are building new things on the basis of BTC and we should not criticize people for having other assets," he explained, emphasizing that he remembers the times when the community around this cryptocurrency was oriented towards radical freedom.
BTC's market dominance has declined in recent years
While in 2014, Bitcoin held over 96% of the market, over time altcoins began to chase it. Currently, the market share of BTC is 39.06%, and the second largest virtual currency - Ether (ETH) accounts for over 20% of the total capitalization of all cryptocurrencies.
