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I don't see why Bitcoin can't continue exist long term with current sentiments. Some factions think it's a store of value, others say it's a security, or at wor

I don't see why Bitcoin can't continue exist long term with current sentiments. Some factions think it's a store of value, others say it's a security, or at worst, a money laundering tool. All of these same arguments can applied to paper bills-- and these arguments won't go away in 10, 20 years. There is no prevailing narrative for what it "is", though actors are certainly attempting to craft one. Sentiment in public markets will shift over time, up and down, sometimes dramatically, but nothing's convinced everyone we should all give up on Bitcoin --even after those dramatic falls-- and until that day, it has economic value. The US Stock Market survived the Great Depression, Bitcoin can (and did) survive the 2018 bubble.

Itsdijital 6y ago
I can't see bitcoin existing long term because right now I feel the only thing holding it up is it's brand. People know the word "bitcoin" and I'd venture that for 99% of the population that's the only crypto they know. BTC is however, pretty objectively, a really shitty crypto. Which is fine, it's the original one, it would be crazy if no one hadn't figured out how to improve on it. I just think it is a matter of time before someone hits the right social cords with the right crypto and the wind is sucked out of BTC overnight. There are certainly tons of people trying.