Wednesday , May 15th 2019
In a recent interview with CNBC Television, Mike Novogratz, notable BTC influencer, was asked whether new emerging coins posed any threat to BTC in terms of valuation and popularity. He stated that the validity of different coins had more clarity and BTC prevailed as the popular store of value. He also emphasized that in this particular space, nobody else stood a chance as BTC was in itself, a complete project. He added that new institution-backed crypto assets (e.g., JP Morgan coin) currently entering the market actually helped the value of BTC for "there was no competition in their lane."