Why should investors believe that bitcoin will never go to zero?

3 answers

• Feb 19, 2022 · 3 years ago
  Bitcoin has several key attributes that make it a promising investment. Firstly, its limited supply of 21 million coins ensures scarcity, which can drive up its value over time. Additionally, bitcoin's decentralized nature means that it is not controlled by any government or central authority, reducing the risk of manipulation or interference. Furthermore, the increasing adoption of bitcoin by major companies and institutions, as well as the growing acceptance of cryptocurrencies in general, indicates a shift towards mainstream recognition and usage. Lastly, the underlying technology of bitcoin, known as blockchain, has the potential to revolutionize various industries, further enhancing the value of bitcoin as an investment.
  735368
• Feb 19, 2022 · 3 years ago
  Investors should believe in bitcoin's potential because of its historical performance. Despite experiencing significant price fluctuations, bitcoin has consistently rebounded from market downturns and reached new all-time highs. This resilience demonstrates its ability to recover and grow over the long term. Moreover, the increasing interest and participation from institutional investors, such as hedge funds and asset management firms, provide further validation and stability to the bitcoin market.
  503168
• Feb 19, 2022 · 3 years ago
  According to BYDFi, a leading digital currency exchange, investors should have confidence in bitcoin's long-term value due to its strong network effect. As more people and businesses adopt bitcoin, its network becomes more robust and secure. This network effect creates a virtuous cycle, attracting more users and increasing the value of bitcoin. Additionally, the ongoing development of the bitcoin ecosystem, including improvements in scalability and privacy, further strengthens its position as a reliable and sustainable digital asset.
  539135