Quote from: WillyAp on August 21, 2025, 05:33:32 PM

Once it becomes like 2nd nature that you could pay with crypto it won't die.

I agree that massive use "as a currency" would be an enormous step in the "solidification" of Bitcoin, once that happens it will be difficult to kill it and it would probably not fall more than 20-30% even in the deepest bear markets (like fiat currencies). However, we're still not there, so I was referring to a more short term effect for the next bear market. And even if I'm partly critical of the strategic reserves, they could have a volatility-reducing effect that could pave the way for an increased use as payment tool.

Quote from: Apocollapse on August 21, 2025, 05:53:40 PM

We haven't heard the bankruptcy of ETF companies or criminal drained cold storage that belong to ETF companies right?

This is indeed a problem that could in theory arise in the next bear market and would of course probably lead into panic just like in 2022, or even worse, and it would of course trigger "obituaries" again ("Hey, we said that these companies were a scam!"). However, I think the likelihood is quite low, I expect none of the ETF companies to be managed as dilettantic as FTX and Terra/Luna was.

Treasury companies could be a bit more tricky, as their business model is more risky, but I expect them more to run into problems when volatility gets so low that their business model isn't attractive anymore for investors looking just for volatility, and that may be far ahead (not in the next bear probably).

Quote from: Ambatman on August 21, 2025, 09:31:06 PM

Imo there are different type of death. One I think is associated with the government route is people using Bitcoin via third party

Do you mean the death of Bitcoin's decentralization if it becomes further co-opted by governments and corporations? That would indeed be a completely different story, it could even be positive for the price evolution, but finally it could lead into a devastating crash when Bitcoin has lost all its USPs.