Let me reply to that question.
My answer is that, mentally, the market is still tied to BTC. Part of that is tradition, and part of it is the sense of security BTC provides. Because of that, decoupling isn’t just a price issue; it’s a trust issue.
$TAO may be one of the few projects following a clear and structured path that could eventually lead to a permanent decoupling. People rotate into BTC because they view it as the safest asset in crypto. TAO is slowly moving toward becoming a legitimate alternative for that role.
Now, my adorable 🥰 friend and hero,
Let me spam your messages with something I replied to another person about the price of TAO! 🚀
here I truly believe
@markjeffrey is right, and that
$TAO gets above $2,000 sooner rather than later.
You also have to account for the halving that happened six months ago. A huge amount of TAO is staked, and a massive amount is locked inside subnets. Because of that, I believe
$TAO is still significantly undervalued and not even close to fair value yet.
If you understand market caps, TAO is actually cheaper than SOL, HYPE, XRP, and NEAR. Why? Because price alone doesn’t determine value; market cap does.
Any project above a $4B market cap is already more expensive than TAO. Today, TAO isn’t even at a $3B market cap. On top of that, TAO has a limited supply. Like BTC, only 21 million TAO will ever exist.
I don’t see another asymmetric bet with this level of sustainability. And I specifically say sustainability because TAO sits at the center of AI 🤖, and even more importantly, decentralized AI; which is rapidly becoming one of the most important trends in the industry.
$TAO isn’t great because it’s trying to be better than everyone else. It’s great because its entire design works in its favor: decentralization, scarcity, low market cap, a strong community, a functioning ecosystem, investor rewards, real science, and continuous innovation.
When Mark said TAO could become the #3 crypto, I honestly think he was being respectful to BTC and ETH.
The reward mechanism inside Bittensor allows investors to generate more TAO without buying more TAO, simply by allocating capital intelligently across the subnet economy. Very few ecosystems offer anything remotely similar.
Today, the ecosystem itself has become a marketplace where investors can earn more TAO by participating in subnet growth and trading subnet assets.
For anyone reading this: copy and paste this entire post into ChatGPT, Gemini, or Grok and ask them if this analysis makes sense.
Do your own research.
My bet is that after you do, you’ll start buying
$TAO.