/biz/ - Business & Finance

With ICP's release only 3 cryptos started to matter. They are BTC, ETH, and ICP. Everything else is going to be far far behind these at the top 3 within a year or 2, each above 1T in valuation.

So what's about to happen to ICP?

Let's take a look at what ckBTC is. Unlike literally the rest of the chains out there that bridge bitcoin and that bridge gets hacked. ckBTC (Chainkey Bitcoin) allows for BTC wallets to send to ckBTC wallets directly, for ckBTC-ckBTC wallets to transact as much as they want (paying in ICP) and then a ckBTC wallet can send BTC directly to a BTC wallet. Zero bridges.

ICP does this with ETH as well.

So here's what that means. When blackrock announces that BTC is flying sky high, the ONLY thing that they're gonna be concerned about is safety, and then of course transaction costs are going to be in the thousands of dollars... unless they transact on ICP via ckBTC. When this happens, the entire market of BTC is going to start to be transacted as ckBTC by the end of 2024. Same with ckETH.

Then we enter the mainstream narratives of "hey what's crypto? I don't know marv!" where we're at currently to... "hey herb, my investment porftolio 10x'd off of bitcoin!" which will easily push BTC to do a 40x from here to 1m+, and with insane volume as old wallets dump and boomers scoop it up. All transactions of this volume will be done via ICP.
Websites will be built on ICP, and the media will literally be shilling ICP because unlike your shitchain, it has tech that is marketable to a 10 year old, aka, the average american moneybag.

ICP is going to 150-200x this cycle frens. You've been warned.