Let me play devil's advocate.
In the bootstrapping phase, yes. Miners were the original BTC investors. Now the roles have reversed. People build mining operations based on perceived profitability. If BTC goes to $0 and stays there, miners will just abandon it.
For ~10 years. In the scope of human history that's meaningless, and it doesn't prove the bold statement.
Spoken like a true perma bull.
First: Bitcoin survives thanks to mining.
In the bootstrapping phase, yes. Miners were the original BTC investors. Now the roles have reversed. People build mining operations based on perceived profitability. If BTC goes to $0 and stays there, miners will just abandon it.
Second: Bitcoin has already been through falls and several bearish trends. This is a very persistent asset. Its system is designed in such a way that rate corrections and other adverse market conditions will not pose a threat to the existence of Bitcoin.
For ~10 years. In the scope of human history that's meaningless, and it doesn't prove the bold statement.
Of course, this is all very superficial, but you should not worry that it will start to fall heavily at some point (although I think that when it falls heavily and then there will be a strong jump)
Spoken like a true perma bull.