yes that is true. I said something like this.
by 2032 we will be over a million or dead due to a flaw found in the system.
But we are not dead now we are in my estimate 60 to 70% sure to pass a million in the 2030-2035 time range.
Your only choices to manage inflation are BTC with a few precious metals just in case btc fails due to a yet to be discovered flaw..
My biggest holding is BTC
then cash
my next is silver
then Doge
then LTC
then Solana
and my btc is more than all the others combined
say 50% BTC
and 35% cash
with 5% silver
and 4% doge
and 3% LTC
and 3% Solana
And the cash could be pulled out as it is for operating my mining expenses not for investment.
According to you, what could make Bitcoin crash as low as $10,000? What factors would cause such a major crash ?This scenario would end Bitcoin for good. Peter Schiff seems to have a different opinion regarding its usage for inflation or worth. One thing is certain, a $3,000 drop is merely a blood bath whe Bitcoin has been pumping for days, but still, the two scenarios being discussed are quite concerning.
If it were to fail it would be due to an unknown exploit that breaks the back of sha-256
Most likely we won't live to see this happen.
Someone would need to develop a math that is not know as of now.
Frankly if it happens all digital payments could be crackable why worry about that.