After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
Also don't forget the fed did not bail out individuals who were left carrying the empty bag. The institutions that, in some cases, criminally mismanaged people's money got bailed out. There is no management, or central controller of btc, who would be bailed out. Only if btc becomes fdic which I don't think would ever happen. If btc failed we would just be out what we had put in feeling like fools. I don't think any of us expect btc to fail, my crystal ball is broken but I think it will be alright with the bumps in the road along the way