I'm not mistaking anything. I'm quoting directly from an above the line link on Drudge from earlier today in The Spectator:
As far as bitcoin being overtaken, maybe. The card association rails (Visa, MC, etc.) are essentially 70 years old, even though they've been upgraded over the years on both the hardware and networking side. Even with cool new things like PayPal and Apple Pay and other alternatives, they're still the majority of transactions in the US (similar rails in other countries but different schemes based on the same tech).
As a speculative asset, I don't see anything overtaking it in my lifetime, but who knows? That's what makes it fun.
If there's something better, I look forward to buying in.
Go look at any stats on coin capitalization. Just in the last two years alone, bitcoin has fallen from 60% to 40%, and the big guns have not even gotten on the playing field yet.
“As far as bitcoin being overtaken, maybe.”
So if you’re invested in btc and expecting $500,000 years from now, it does matter.