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re: Is there a non-zero chance of Bitcoin and/or crypto going too zero at some point?
Posted on 12/2/25 at 8:51 am to UltimaParadox
Posted on 12/2/25 at 8:51 am to UltimaParadox
quote:
All the BTC people say its a store of value like gold now... It has no actual use case.
No pro-BTC person will argue that instead they will say its like gold and gold has no intrinsic value either.
I literally had this "conversation" with a pro-BTC buddy of mine yesterday. I have no clue what percentage of his investments are crypto based, but the way he talks is that it's a LOT. I'm 0 in any crypto. Have no interest in it. The original use case of crypto was to be a currency, but like it's been pointed out, it's too volatile to be a currency.
If it's an investment or a "store of value", what drives the value of it.
But I don't really know what to say about gold either. I'm not invested in gold at the moment, but it does continue to rise. At least it has a use for electronics and jewelry. For whatever that is worth. Can't make a necklace from a blockchain.
What I do know, is we have passed the aggressive growth curve for BTC and crypto in general. The chances of it going from $85k to $170k in a few months is unrealistic. Best case scenario is it increases 15% YOY which makes it just another investment option but without any tangible backing value.
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