Can bitcoin go into extinction?

[Lens1000]

Bitcoin has shown a lot of incredible resilience and that is why it cannot go into extinction . The decentralized nature and some of its incredible features makes extinction very unlikely. Its value is growing and adoption is also on the increase as well which gives it a bright future ahead.

Bitcoin cannot be completely ruled out in our financial landscape which makes it a very strong contender for a long term existence. Bitcoin is very good as a store of value and that is why it is used as a medium of exchange in so many financial transactions that we see today.

 

[btaliat]

There have been a lot of debate on whether Bitcoin can go into extinction. While some have believed that it is not possible going with the fact that Bitcoin, which is the king of other crypto coins , has gone so far than going extinction, others have believed that anything can happen.

However, I believe that people should be more concerned on how to take advantage of making money on cryptocurrency with bitcoin rather than focusing on its extinction.

 

[Suba]

In the beginning the government always warned that Bitcoin would bubble and burst and become worthless and in the end Bitcoin would become extinct by itself. However, the Bitcoin community is growing in number, and several countries recognize Bitcoin as legal tender. Currently, Bitcoin lovers are increasingly convinced that Bitcoin will become a universal currency and commodity, as proven on Jan 10, 2024, the SEC legally approved the Bitcoin Spot ETF.

 

[Teylortrade]

I really don't think bitcoin will be short-lived. In any case, consider that after Nixon in 1971, money became currency.

On August 15, 1971, at Camp David, Richard Nixon suspended the convertibility of the dollar into gold. This was said to be a temporary measure. In reality it was never removed. Since then the rules of money have changed. The system is now debt-based and essentially saving money no longer means saving value.

So buying valuable assets is the only way to preserve value. Hence the importance of purchasing and storing gold, silver and recently bitcoin.

 

[ImamShaheb]

BTC is a high tech dinosaur which is not gonna be extinct unless somehow you forget to create server!!! Also, it's in the safest hands like Bitget imho!

 

[ImamShaheb]

There have been a lot of debate on whether Bitcoin can go into extinction. While some have believed that it is not possible going with the fact that Bitcoin, which is the king of other crypto coins , has gone so far than going extinction, others have believed that anything can happen.

However, I believe that people should be more concerned on how to take advantage of making money on cryptocurrency with bitcoin rather than focusing on its extinction.

Technically it's hard for anyone to destroy this network. Every government have to take steps together & shut their internet off ,if they do so, there might be a little chance! But do you think, giants like Bitget/Nance/BlackRock would let them do that?