Post
Topic
Board Bitcoin Discussion
Re: Are we gradually approaching towards the end of Bitcoin?
by
Fortify
on 18/07/2022, 12:06:38 UTC
The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue.
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?

Bitcoin is going to be around for a long time and arguably will never disappear now. At best case scenario it takes back off like a rocket, a way to vastly drop the amount of energy it uses is found and the transaction speed is sped up - making it a real contender against other instant payment platforms out there. Worst case scenario, it loses most of its value and becomes a hollow community, however it will always have a residual price due to the mass following it once caused and the sheer novelty factor is appealing to many. For it to collapse this bad a lot of government bans would have take place or a major security weakness being exploited.