With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?
That’s not gonna happen, because for Bitcoin to appreciate there should always be demand for its usage, that’s real adoption. It’s not just about buying and holding long-term. Right now, daily Bitcoin transactions are around 500k. It’s actually lower compared to the same month last year, but the point is people are still transacting.
One big reason I see why transactions continue is because of gambling sites. There’s always demand from gamblers, and gamblers aren’t really investors either. So that cycle of usage keeps going, and even if demand drops in the future for whatever reason, it won’t just disappear completely.