With the development of cryptocurrency market altcoins can oust bitcoin as well as video tapes VHS supplanted Betamax in the 1980s. comments About this CNBC said the co-owner of North Island Holdings, a technology investor Glenn Hutchins.

“Bitcoin may be the Betamax”, — he said.

Hutchins is confident in the future market will be dominated by one digital currency, and with high probability it will be one of the altcoins — Ripple, Ethereum or Litecoin.

“Token exchange based on the mathematical solution that leads in technology will remain. Other tokens will be used for different applications,” — says Glenn Hutchins.

We will remind, earlier in may, a well-known bitcoin Evangelist and CEO of BHB Network Giacomo Zucco stated that the first cryptocurrency can be considered a unique phenomenon and that “only fools can believe in the success of altcoins”.