Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
According to Warren, the standard bitcoin will persist and arise if the Bitcoin monetary standard becomes the dominant medium of cryptocurrency exchange. Even so, the Bitcoin monetary standard will not last long. Bitcoin is a result of technological innovation. while the payments industry will also change rapidly along with technological innovations that benefit from a better exchange tool than the cryptocurrency.
Warren mentions that this innovation will eventually come from the government, as well as from the private sector. on the other side there are other factors that also affect the Bitcoin monetary standard. Namely the pressure to return to the Fiat currency. So that monetary policy will be more active and can catch up.