Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin ending up like Yahoo in the future?
by
allocatespetrified
on 02/11/2017, 13:28:38 UTC
Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.
Bitcoin can't be stopped.  It's not a company, it's an asset,  so Verizon and Google and big companies can't stop it,  and if they tried to buy it all up,  they would go bankrupt as the price would keep increasing due to the whale buy order.