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/biz/ - Business & Finance

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>> No.49821596 [View]
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49821596

Is there any /biz/ archive available right now?

>> No.49778819 [View]
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49778819

Bitcoin has been incredibly resilient in the face of various challenges over the years, and there is no reason to believe that it will not continue to hold its value or increase in value in the future. Below are some of the key reasons why bitcoin will never crash below $10k.

1) The total supply of bitcoin is limited to 21 million, which gives it a built-in scarcity that other assets do not have. This makes it an attractive investment for those looking to store value for the long term.

2) Bitcoin is decentralized and not subject to manipulation by central authorities. This makes it a safe haven asset, as investors can be confident that their investment will not be arbitrarily devalued by government action.

3) Bitcoin is becoming increasingly mainstream, with major financial institutions and businesses starting to accept it as a form of payment. This increasing legitimacy adds to its appeal as an investment asset.

4) There is growing institutional interest in bitcoin, with pension funds and hedge funds investing increasingly large sums into the asset class. This institutional money provide a significant floor for the price of bitcoin, making it unlikely to crash below $10k.

5) The introduction of new technologies such as the Lightning Network are making bitcoin increasingly usable as a day-to-day payment method, which is likely to drive further adoption and price increases.

6) There is growing interest in bitcoin from countries with unstable economies or authoritarian regimes, as it offers a way to store value outside of the control of governments. This demand is likely to continue to grow, providing support for the price of bitcoin.

7) Overall, there are numerous factors that suggest that bitcoin is unlikely to crash below $10k in the future. The limited supply, decentralization, strong track record, mainstream appeal, institutional interest, and potential for growth all make it a sound investment proposition.

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