Crypto speak: Bitcoin maximalists

Bitcoin maximalists, or “maxis,” are people who believe that Bitcoin (BTC) is the only necessary cryptocurrency.

They view BTC as the truest form of digital currency that follows the original philosophy of Satoshi Nakamoto the pseudonymous creator of Bitcoin.

Bitcoin maximalists often claim that the decentralization, finite supply, and security of Bitcoin make it the ultimate digital store of value — or, as many call it: “digital gold.”

They usually consider other cryptocurrencies, or “altcoins,” inferior or unnecessary, believing that Bitcoin will eventually lead in all blockchain use cases.

Do you think we need other coins besides Bitcoin?