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What could kill Bitcoin?
It's essential to consider the other side of any trade. So for my Bitcoin bulls, what's the biggest fear?
Seems to be 3 main risks in my mind, would love to hear feedback from my crypto friends...
It's essential to consider the other side of any trade. So for my Bitcoin bulls, what's the biggest fear?
Seems to be 3 main risks in my mind, would love to hear feedback from my crypto friends...
1. Basic Creative Destruction
Similar to AOL/Yahoo/Lycos losing out to Google, Bitcoin gets replaced with "better" 2.0 versions of crypto. Just becomes irrelevant next to an ascendant platform, be in Ethereum, Dogecoin, etc.
Similar to AOL/Yahoo/Lycos losing out to Google, Bitcoin gets replaced with "better" 2.0 versions of crypto. Just becomes irrelevant next to an ascendant platform, be in Ethereum, Dogecoin, etc.
2. US Gov competitor
US government launches a digital currency, and either taxes or makes holding and trading bitcoin prohibitive or straight up illegal.
US government launches a digital currency, and either taxes or makes holding and trading bitcoin prohibitive or straight up illegal.
2. China spat
Either Sathosi = Chinese intelligence, or growing Chinese mining and investment/trading becomes a national security concern.
US gov slams down the gates, or it becomes distasteful due to some ESG/human rights issues.
Anyways, curious to hear feedback!
Either Sathosi = Chinese intelligence, or growing Chinese mining and investment/trading becomes a national security concern.
US gov slams down the gates, or it becomes distasteful due to some ESG/human rights issues.
Anyways, curious to hear feedback!
