And yet for some reason many people see FTX's collapse as something similar to the world's end. Don't they know what happened to the first, to the number one Bitcoin exchange at the time, Mt. Gox? What was the price of BTC at the time of MtGox's collapse, and what was happening to the price during the following years? If they don't know, they can google about it, and all the info will lead them to conclusion that they have all the right to be optimistic about the times of the next Bitcoin Halving.
Noobs are usually the ones who think Bitcoin is dead after the collapse of a major crypto exchange. But crypto veterans like myself know there's a lot more to Bitcoin than meets the eye. It's a revolution that's bound to challenge Fiat's existence in the mainstream world. With Bitcoin, people get to enjoy true financial freedom without the fear of censorship from the government. It's value comes from being a decentralized and censorship-resistant cryptocurrency no one can shut down no matter what. Not to mention, it has a finite supply of only 21m coins.
I'm confident Bitcoin will be much more valuable in the future. It's just experiencing some "hiccups", just as it's the case with any new technology that comes in the mainstream world. Bad actors will eventually be "washed out", paving the way for good actors to take control of the industry. If the global economy recovers by 2024, there would be nothing stopping BTC from reaching a new ATH in price. The FTX collapse (just like the Mt. Gox collapse back in 2014) will only become history. Who knows if someday Bitcoin destroys Fiat for good? Just my thoughts
