The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called
Big Crunch) or explode into nothingness (so-called
Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime...
So how likely is this, and what is your understanding of how things might unfold in this regard?
OK, Challenge accepted
It is no longer an argument the Universe is actually expanding faster and faster. As long as human consciousness does the same so will our progress in the material world. That includes Bitcoin or other virtual means of exchange will become more prolific. It is really a no brainer. A Government that adopts bitcoin as currency, is saving it's self hundreds for millions of dollars in coining and engraving costs. For business, a virtual currency that has no "gate fee's" associated with the vendor receipt of funds. Instead you have the consumer paying for the use of the virtual system at the time of receipt of the Bitcoin. Not to mention that a convenience store that accepts Bitcoin, will not be a target for robbers any longer. How could the businesses of the world over look the obvious value of Bitcoin. Lastly, unlike the dollar Bitcoin is volatile, it has great potential to go up and down making it an investment vehicle. Something the US Dollar would never be good for.
I grant you that Bitcoin does have the ability to make significant drops. However it's history shows a steady and continued pattern upwards. As more countries and businesses accept Bitcoin, the more it's value will grow, in spite of periodic sharp drops.