I truly believe no one is thinking anywhere near big enough when it comes to cryptopunks.
If you think the upside is similar- it is 300 times as good of a risk-reward investment as Ethereum. And 2000 times as good of a risk-reward investment as Bitcoin.
In the long-run, the biggest threat to Btc is not ETH
It's CryptoPunks
Both were first mover NFTs whose value is largely derived from the mimetic value of being first
Btc advantages
- First blockchain
- First memecoin
- Satoshi's premine likely gone forever
CryptoPunks advantage
- Better scarcity (10k v 21m)
- Guaranteed supply cap vs Btc's hopes and prayers supply cap
- Can be used as profile pic, thus a Veblen good
How long until the market cap of CryptoPunks flips Btc?
0
1.6K
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