When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.
Who would have ever known that from the start of 2021, that;
_3AC(crypto biggest VC) would subsequently collapse.
_ Blockfi, Celsius and voyagar would go under.
_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.
_ Luna would go to 0.
Upon all this event that has took place, the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
Somehow Bitcoin already has a very solid foundation because its the first cryptocurrency and probably going to be the foundation of all of these projects, to be honest, if Bitcoin dies for sure these blockchain projects are going to die for sure since the main cryptocurrency Bitcoin die already, yes it might not be connected at some point but the fact that no one is going to trust Bitcoin for sure is going to hit other secondary projects which probably not going to happened this days considering how Bitcoin adapt already all over the globe.
For sure in this kind of investment there are always hype involved that's making it risky considering we do not really have any kind of tangible assets on cryptocurrency all of the market prices are just supply and demand meaning it just depend on pure speculation, in the coming years we might not see Bitcoin anymore or might not exist anymore, so these secondary projects have higher risk because they are full of hype and speculations.