Too many rich people use it to hide wealth and do other illegal shit
this post was submitted on 07 Feb 2025
-11 points (35.1% liked)
Unpopular Opinion
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Which is insane if you know anything about the public ledger.
Also Bitcoin is still the entry point for buying a lot of other cryptocoins, so it's not likely to go down unless the entire market goes down.
Just because you have lots of money doesn't mean you're smart
Public ledger means nothing when you launder the coins
You can use block explorers to see what they use it for actually
I love the down votes, this should be getting up voted. It's an "unpopular opinion", isn't it?
This is a prediction.
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.
Barring some quantum wizard math breaking the concept, or a state actor fully attacking the network, Bitcoin will never go to zero. It's too deeply rooted at this point... even if it is a fucking obvious bubble, with nearly zero utility. It had severe shortcomings as a currency you can spend, even before it stumbled ass-backwards into line-go-up gambling, and became too volatile to ever show up in a price sticker. But the fact is - it's an established commodity. These tulip bulbs will neither rot nor bloom. A bunch of rich assholes just need something to gamble on, and gold is harder to find than computers.
Might still crater by an order of magnitude and somehow ruin everything. It's just not going away, entirely, unless crypto as a concept goes with it.