I think that bitcoin's universal status will eventually fall. And the moment it does, so will it's value. That's really it's only saving grace these days.
You are viewing a single comment's thread from:
I think that bitcoin's universal status will eventually fall. And the moment it does, so will it's value. That's really it's only saving grace these days.
Anything is possible, but weighing out the probability of that happening and assigning a value to that, its really low compared to the benefits it still offers. There are a lot of data points that go into something like this. Newer cryptos are very new and we've seen flaws and the like time and time again.
Mind you, I have a very diverse portfolio of cryptos but at the same time I think Bitcoin will always be the universal.
I am biased of course, so take my words with a grain of salt.