I'm starting this thread because there's a thought I just can't shake. I vividly remember the days when saying "I invest in Bitcoin" would get you labeled as a crazy visionary or, at best, a geek playing around with fake internet money.
Today, the tune seems to have completely changed.
It's not just niche forums talking about it anymore. You have the very banks that wanted it dead yesterday now discussing it, you have giants like BlackRock getting their hands dirty with ETFs, and even my aunt is asking me if "it's a good time to buy those bit-things."
So, my question is this: have we passed the point of no return?
I mean, have we moved from the "I wonder if it will even survive" phase to the "okay, it's here to stay, now let's see how it fits in" phase?
On one hand, institutional adoption feels like an undeniable sign. On the other hand, the volatility is still like a wild EKG reading, and governments still haven't really made up their minds about what to do with it.
What do you all think? Is it still a massive high-risk gamble, or has it become an established asset, a kind of "digital gold" whose place in the future is all but guaranteed?
Let the debate begin below. I'm curious to read your takes.
Absolutely, people's notion about Bitcoin is totally flipped now. Your aunt asked cause she really aware of fake internet money to BlackRock. It is really a massive shift.
And about your question, yes, I would say we absolutely have passed the point of no return. Actually, it is moved from 'will it survive?' to 'it's here, how does it fit in?'.
21 million supply & every 4 year new bitcoin coming into circulation is halved by an automated event, making it more scarce & underpinning its value, much like gold. I will call it Digital Gold, dude. Otherwise, you will never see something like those BlackRock ETFs or institutional adoption, they are not fools, right?
Ok, now come to your concern about volatility & governmental issues, although volatility is a built-in wonder of Bitcoin. Whatever, put those two things on one side of the scale and on the other side, gather bitcoin's fundamental scarcity, institutional adoption, increasing integration, security, simplicity, and availability. Anyone can tell which side is heavier! !
Yes, I can't deny it's still high-risk for no-coiner, but it is no longer a gamble on survival, dude. Come on..it is a gamble on how high it can go and how it evolves.