Quote from: sikke on October 15, 2021, 10:33:24 AM

Quote from: platinumsteel2016 on October 11, 2021, 08:39:46 PM

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???

I like how these banks go to great lengths to make sure that whatever their employees say will not constitute financial advice - and there is this particular person offering up their advice regarding Bitcoin.

At every single junction, bitcoin has been doubted and top-callers have come in.

Fact of the matter is that adoption is going to continue to drive growth, and bitcoin is just going to get more scarce as time goes on. Just because growth has been crazy over the past few years doesn't mean that it's unjustified or a bubble.

This is important, whenever we see an important growth in the markets those that are always looking for an excuse to not recommend bitcoin to the people say that this is a bubble, but do we know of any bubble that has lasted as long as bitcoin has lasted and that it has grown so much during the same period? The growth we are seeing is not the result of a bubble but a growth that comes from adoption, but obviously bankers are never going to recognize this as it plays against them.