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home / news releases / LBCC - Bitcoin Is Weaker Than Ever But Ripple Is Not A Good Alternative

LBCC - Bitcoin Is Weaker Than Ever But Ripple Is Not A Good Alternative

Long Blockchain Corp

Summary and Thesis

^NYB data by YCharts

Bitcoin (COIN, GBTC) gains its value from being synonymous with cryptocurrency for many traders and speculators. This brand advantage is based on Bitcoin being the first entrant into the market and based on Bitcoin's historic market cap advantage over its peers. But Bitcoin is losing its market cap advantages over competing coins. This is concerning since Bitcoin's only advantage over peers is its larger size and its brand.

Bitcoin offers few, if any, advantages over other cryptocurrencies. For nearly any task there is a cryptocurrency

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Stock Information
Company Name: Long Blockchain Corp
Stock Symbol: LBCC
Market: OTC
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