Quote from: cryptoaddictchie on Today at 05:13:52 PM

Quote from: legiteum on Today at 04:18:34 PM

What happens when "mainstream" investors find out that Bitcoin isn't really a viable mainstream currency, and that it's really only useful as a meme investment instrument with no inherent value beyond its own name? What happens when they find out that the "decentralized" thing is just a myth, and that, in actual reality, almost nobody uses Bitcoin (or any other cryptos) that way? What if the "serious" investment managers discover that the mythology behind Bitcoin is just... mythology?

Well as starter they have technology its called blockchain and thats not just a meme coin like others. If they found it not so attractive they thry could leave right? Even theyre gone theres still a lot of other institutions interested. Even without etf bitcoin manage to go up to level of 60k without them on the ride so this will continue rven without them. Yheres a lot of investors like the design of bitcoin so this wouldnt happened.

Yes, but what actual value does blockchain serve? Technologies like blockchain have come and gone through the years, and blockchain doesn't have any verified technical uses besides cryptocurrencies and NFTs.

And yes, there are a lot of investors who love Bitcoin, blockchain, and so on--obviously, since Bitcoin is worth hundreds of billions. But what if the rest of the world isn't interested in this technology as an end in itself and just looks at Bitcoin and blockchain in purely practical terms?

I agree there's probably a price floor somewhere for Bitcoin, but it could be a lot lower than the current price...