Been thinking about Bitcoin's future… what if it doesn't hit that $1 million mark? We've all talked about it becoming this global currency, like the USD. But what if people just stop accepting it? There’s a chance it could crash to zero if something catastrophic happens, like a major disaster. Just putting it out there.
Thoughts on Bitcoin's Future Value
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Not sure about that. No currency has 100% acceptance, not even the dollar or gold. Why would Bitcoin be different? Saying it could drop to $1 sounds wild. What’s the reasoning behind that? Statistically, it seems way more likely to hit a million than crash down to a buck. Would take a major consensus failure to really damage it.
chris_maxiNewbie
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#3Jul 3, 2022, 07:05 PM
I doubt a Carrington Event would wipe Bitcoin out. Maybe it disrupts things for a bit, but the network is spread across thousands of nodes. If the internet goes down, sure it’ll be shaky, but it’ll bounce back. The real threat seems to be government sanctions, and even then, Bitcoin would survive. Just the price would take a hit.