Post
Topic
Board Bitcoin Discussion
Re: Could bitcoin become extinct?
by
Youngkhngdiddy
on 11/02/2024, 19:55:48 UTC
What are the chances of bitcoin going extinct?
   Bitcoin is for the people and can only go in extinction if we the people decide not to involve in Bitcoin anymore. No country or governmental body have authority over  the existence of Bitcoin. Because of the nature of this technology I believe that there is no reason for extinction.  I believe that we will see a global adoption. It will be like the internet. One obvious use will be as money. The paper money will get replaced. People will use crypto currencies as an exchange of value. See the hype about DeFi. Decentralized finance. Time to change the monetary system. I think the days of contemplating the relevance of crypto in our world is really past cos it’s literally the future with the meta verse in play and web3, NFTs.
   However, despite its volatility, Bitcoin has continued to gain popularity and mainstream acceptance over the past few years. More and more merchants are beginning to accept Bitcoin as a form of payment, and major financial institutions are starting to explore ways to incorporate crypto into their operations. One potential factor that could impact the future of crypto is the regulatory environment. Governments around the world are still grappling with how to regulate cryptocurrencies, and there is a lot of uncertainty around what the future holds in this regard. However, some countries like Japan have already taken steps to regulate the industry, which could provide a model for other countries to follow. In terms of market adoption, there are still many people who are skeptical of cryptocurrencies and view them as a risky investment. However, as more people become educated about the technology behind crypto and its potential applications, we may see increased adoption rates.