RE: CryptoCurrency Market Cap does not Equal The Value of The Underlying "Business"
Excellent advise!
Crypto market caps are highly speculative in nature and will be for a long time. As you said, the tech behind BTC is dated in relation to other currencies, however the potential of BTC is at least half the market cap of major payment companies. Visa, for example, has a $213 billion market cap. Personally, I think the potential of BTC is far higher -- consider all the industries it disrupts.
The speculation comes as there are many barriers to crypto adoption, particularly in legacy economies. BTC is capped highest as it is the most secure... $23 billion dollars secure. It was the first major success, it has dedicated investors, it has internal development conflict (good for innovation) but is still able to move forward with consensus based upgrades -- stay tuned Aug 1st to see if this is still true xD -- it has the established structure which makes it likely to adapt to problems and to evolve. That is why bubbles are so common in crypto: people realize that these things are getting built to last and they are working so they speculate based on their faith in development.
We are just exiting one of these bubbles, one I think was catalyzed by segwit. Ultimately, so long as there is no catastrophic failure, BTC is a fraction of what it will be. It, and all currencies, are so very young -- they are transforming economic structures in ways seen only a few times in history. This takes time. Years, if not decades.
Good post as always mr. xaqfields = )