A heated debate is underway in crypto: Is Bitcoin destined to remain king, or will altcoins prevail?

• Bill Morgan challenges the claim that the rise of 36M+ altcoins has strengthened Bitcoin’s dominance.
• He argues that the distinction between Bitcoin and altcoins is artificial, pointing to Bitcoin forks like Bitcoin Cash.
• Jesse Myers boldly asserted that the altcoin season is “permanently cancelled.”

Crypto Lawyer, Bill Morgan, is now fighting claims from Bitcoin Advocate Jesse Myer that “altseason” has been cancelled.

The debate ignited when Myer shared a chart on X illustrating the rapid growth of altcoins since 2021. He argued that the sheer volume of tokens – over 36 million – had diluted their collective market strength, leaving Bitcoin as the dominant cryptocurrency.

What’s Myer’s Argument for Bitcoin Dominance?

“With 36,000,000+ altcoins, altseason has been permanently cancelled,” Myers wrote. He further argued that Bitcoin’s digital scarcity, network effects, and a so-called “Crypto Catch-22” mean it will remain unchallenged in the long run.

Myers explains Crypto Catch-22 as a paradox that many altcoins face. According to this theory, any altcoin that seeks to challenge Bitcoin must have a leadership team and a marketing budget to gai…

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