/biz/ - Business & Finance

BTC is the original meme coin. It has absolutely zero fundamentals and terrible tokenomics. It failed at being peer to peer electronic cash. It's not an inflation hedge, not a store of value, not an uncorrelated asset. It pays no yield & there is billions in sell pressure each year from miners dumping. It's temporarily being kept alive entirely by story-telling and ideology.

It will eventually collapse (15-20 years, I estimate) under its own weight unless new money keeps coming in to double the price every 4 years (literally the definition of a ponzi scheme). Why?

Because 97% of the money paid to miners to secure the network comes from inflation and that inflation gets cut in half every 4 years. BTC is a pet rock & HODLing, its primary use case, produces no protocol revenue to pay miners. People are now hoping that cartoon wizards will help BTC survive, but it's futile.

The price has to double every 4 years just to keep the security budget the same. Its marketcap is so large that it will not be able to do that, which means miners will either be losing money mining, or there will be better returns elsewhere, which means BTC network will start becoming less and less secure. Make sure you get off the boat before it collapses.

As you can clearly see in picrel the price of bitcoin will follow the trajectory following a dome. Sell now or be forever known as the dumbass that bought the top of the dome