• Bitcoin has an intended use case as a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system.
• The other crypto assets and tokens have riskier, more speculative use cases that may not stand the test of time.
• Bitcoin’s intention is to move away from central banking and towards a bitcoin standard.

The concept of cryptocurrencies and the blockchain technology that allows them to exist has revolutionized the world of finance. Bitcoin, the first and most popular of these digital assets, was created to provide a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system. Unlike the current central banking system, Bitcoin aims to reward and protect savers much more efficiently.

The crypto market has experienced rapid expansion over the past decade. Thousands of alternative crypto assets and tokens have been created, and while these assets have been made possible by Bitcoin’s seminal use of blockchain technology, their purpose and utility are very different from that of Bitcoin. Many of these alternative assets are far riskier and more speculative. This means that their use cases may not stand the test of time, and could reintroduce many of the same issues that Bitcoin was intended to solve, such as trust and counterparty risk.

The underlying point of Bitcoin is a move away from central banking and towards a bitcoin standard. This would involve restructuring the economy with a greater emphasis on savings and less speculation or outright gambling in the financial markets. This type of standard would reduce the power of central banks and increase the power of individuals and investors.

In summary, Bitcoin is a revolutionary new approach to monetary and financial systems, while the rest of the crypto market is more speculative and involves more risk. Bitcoin’s main goal is to move away from central banking and towards a bitcoin standard, which would provide more incentives for savings and reduce the amount of gambling in the financial markets.