The world of cryptocurrency has evolved dramatically since Bitcoin’s inception in 2009, sparking debates about its longevity and relevance. While skeptics continue to question its stability and future, the undeniable traction of Bitcoin and other cryptocurrencies suggests a paradigm shift in finance. From institutional adoption to technological resilience, crypto has proven its staying power.
The Case for Crypto’s Permanence
We all change, but my view on the future of crypto remains the same. There’s no doubt that crypto, in one form or another, is here to stay. BTC has already been recognized and accepted. Stablecoins, in essence, have also been legalized.
Large funds and entire nations are buying, mining, and building reserves. Unlike “old-format” money, BTC cannot be printed. Unlike gold, it’s impossible to discover a new deposit that would devalue existing reserves. Mining rates decrease with each halving. And some portion is constantly lost from circulation: someone dies without passing on their keys to relatives, or someone simply loses those keys.
Yes, theoretically, the system could be hacked, but it would cost over a trillion dollars—and that’s at the current BTC price.
Since Bitcoin, as the “driving force of crypto,” has already been accepted and legalized by most influential states, the likelihood of abandoning it or imposing sudden widespread bans approaches zero. And with BTC, crypto as a whole follows, because it’s impossible to ban a technology that underpins a legal means of payment.
The Market Dynamics
But no one says BTC will always rise.
It’s a market. High demand and low supply—there’s growth. Low demand and high supply—there’s a decline. After the “black swan” of the FTX collapse in late 2022, BTC has globally only been growing with minor (for itself) corrections. This means demand exceeds supply.
The same cannot be said for altcoins, whose behavior is exhausting and dispiriting.
And now, the lion’s share of influencers are sharing their “expert” opinions that there will be no more altseasons because there are too many tokens, people’s attention is scattered, and there simply isn’t enough liquidity for everything to grow.
And here, I completely disagree with them.
The Altcoin Reality
Look up the top 20 on CoinMarketCap from 2013. Compare it with 2017 and 2021. Many overlaps? Very few. Now check the number of tokens on CoinMarketCap in those same years and compare them. The difference is colossal. Projects die, liquidity drains from them, they lose attention, and most were created solely for the enrichment of their founders.
By draining all the liquidity from tokens of projects that never had anything behind them except greed, they’re left with nothing, including the interest of deep-pocketed investors.
Yes, a few years ago, CoinMarketCap had around 50,000 tokens, and now it’s nearly 18 million. But 99.5% of them are already dead and will never return. They had nothing behind them and were created solely for quick scams.
Back then, CoinMarketCap didn’t list everything, only “worthy” tokens, and mostly for free. With the start of the “big meme season” in late 2023, listing became part of the platform’s business model: free listings were essentially canceled, priority listings started at $5,000, and they began listing absolutely everything for money.
So, you could say that the 50,000 tokens from a few years ago were only projects with something behind them and carefully selected long-term scams. Of the 18 million tokens currently on the platform, almost all are one-day wonders, listed “for marketing” or to attract quick bot liquidity tracking CoinMarketCap listings, only to be rug-pulled immediately after.
Why an Altseason Is Coming
There will be an altseason.
But if you’ve loaded up on a bunch of shitcoins based on a “narrative” that lasted a month, three days, or even a couple of hours—I’ve got bad news for you.
And to those who say crypto will never grow again, I suggest selling everything right now. Otherwise, who will we offload to during the rise if not the “experts” buying at the highs?
Conclusion
Cryptocurrency, with Bitcoin at its helm, has cemented its place in the financial world through scarcity, adoption, and technological resilience. While the market will always have its ups and downs, the fundamentals of crypto—decentralization, limited supply, and global acceptance—ensure its endurance.
Altcoins, though volatile and often speculative, will see their moment in the sun again, as history has shown with every cycle. The key is discernment: separating fleeting scams from projects with real value. For those who doubt crypto’s future, the market will always reward those who stay informed and patient. The next altseason is not a matter of if, but when—and I’ll be ready for it. Will you?
