This will be the crypto asset that challenges Bitcoin (BTC), according to a popular analyst

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A popular crypto analyst says an important step will determine which altcoin can challenge Bitcoin (BTC) dominance.

In a new strategy session, the anonymous host of InvestAnswers tells its 444,000 YouTube subscribers that the blockchain that first reaches one billion users will dominate the market.

It all goes back to Metcalfe’s law and the adoption. Thus, the faster the development, the greater the value creation. And the more value created, the more users there are. And the more users, the more valuable the channel itself.

The Metcalfes Law states that the value of a network is directly related to the number of users it has.

He says there is more innovation on altcoin blockchains than Bitcoin, which will increase value and attract more users.

The number of developers on other blockchains is much higher than Bitcoin. So I believe more value can be added to other chains beyond stores of value and payments to do a whole bunch of different things. And this will lead to more users, which will lead to a much greater network effect which will increase the value of the blockchain. This is the key.

He says reaching one billion users is the goal to achieve dominance in the crypto space, the same goal Solana (SOL) set for itself when it launched.

Now, the first winning layer or the winning blockchain will be the first to onboard a billion users. I’ve been talking about it for a while. Many blockchain leaders are starting to jump on this same narrative. It still came from Solana’s original goal. Now [Ethereum creator] Vitalik Buterin also speaks of a billion users.

So the race is on. Which channel will reach 1 billion users first? And that’s all. The channel that has a wallet with a billion users wins. Therefore, you might say you must have alts in your bag.

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