CRUMBGRABBER@lemm.ee to Unpopular Opinion@lemmy.worldEnglish · 15 days agoBitcoin will go to 0, crashing the sovereign wealth fundmessage-squaremessage-square8fedilinkarrow-up113arrow-down125
arrow-up1-12arrow-down1message-squareBitcoin will go to 0, crashing the sovereign wealth fundCRUMBGRABBER@lemm.ee to Unpopular Opinion@lemmy.worldEnglish · 15 days agomessage-square8fedilink
minus-squareAllerolinkfedilinkEnglisharrow-up2·1 day agoBitcoin will not go to 0, unless a critical bug is found to allow double spending. It has utility that more and more people turn to, and at the same time it has a strictly limited supply. It will absolutely dip in value once yet another wave is over (quite shortly), but it will not drop to 0 or go away. Still, any funds reliant on Bitcoin will take a hit in the meanwhile.
Bitcoin will not go to 0, unless a critical bug is found to allow double spending.
It has utility that more and more people turn to, and at the same time it has a strictly limited supply.
It will absolutely dip in value once yet another wave is over (quite shortly), but it will not drop to 0 or go away.
Still, any funds reliant on Bitcoin will take a hit in the meanwhile.