Quote from: MarissaLopez on May 09, 2024, 12:36:04 PM

Bitcoin is recorded as the first and most well known crypto currency in the world.not disputing the fact that there have been so many controversies surrounding it,it is still believed that Bitcoin will always survive and continue to be a leading form of digital currency cutting across the World globally.

If Bitcoin hasn't survived I don't think we would had have anything like the crypto industry/altcoins or they would haven't been this popular. It's because Bitcoin is surviving so people can assume that they have a chance with altcoins by investing in them. If you're betting against any cryptocurrency to not be around in decades to come, it shouldn't be Bitcoin because it doesn't only have the first mover advantage but because of its uniqueness, if you observe there isn't any successful replica of Bitcoin. What we just have are failed wannabes and that's why Bitcoin will always have an advantage over the rest of the market.

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Although there are certain risk factors involved with Bitcoin but it's not been limited by that and most likely will tend to survive and thrive in the future,moreso reasons why Bitcoin will likely survive are thus;

1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.

We shouldn't consider this features to be a weakness but instead a strength because it's because of this featui that Bitcoin is surviving in the midst of all the attempts aimed at it. Without Bitcoin been decentralized, it would had been killed a long time ago. The decentralized nature of Bitcoin is restricting the government from using regulations to disrupt the growth of Bitcoin. The limited supply of Bitcoin is also among the reasons Bitcoin is been seen as a good investment by many people and its potential adoption is what is keeping the hopes high for the investors. The government has tried to bring down Bitcoin but hasn't succeeded and soon they'll have no choice but to accept defeat that they can't bring down Bitcoin.