Bitcoin Momentum Builds While Meme Coins Lack Staying Power
• Shiba Inu has no competitive edge over other cryptos like Ethereum; it lacks functionality and merchant acceptance • Bitcoin has strong momentum, up 60% in recent months, with more potential catalysts like the 2024 halving event • Bitcoin has attractive properties as a store of value, like its fixed supply and superiority over gold for transactions • Institutional investors are trying to introduce Bitcoin spot ETFs which could bring lots of fresh capital • Bitcoin has done an excellent job of increasing its owners' purchasing power over 14+ years, despite volatility