The Death of Bitcoin and the Future of Cryptos
What is it really? Is Bitcoin dead? Fortunately, no or at least not yet. Bitcoin started in 2009 worth less than a cent and rose to a whopping value of 20,000 USD in its strongest bull run in 2017. It is the first, strongest, and most known cryptocurrency in circulation. But according to some crypto-experts, Bitcoin is dead.
On December 17, 2018, Erik Finman, one of the youngest Bitcoin Millionaires, said that:
“Bitcoin is dead; it’s too fragmented, there’s tons of infighting I don’t think it will last. It may have a bull market or two left in it, but long-term, its dead.”
He’s not alone in this sentiment as Bitcoin has allegedly been sentenced to death by over 300 times according to 99bitcoins.com, which has compiled a list of statements from different individuals in the crypto world that has condemned the first cryptocurrency.
From that alone, many people that has shown interest in cryptocurrencies have shunned the concept itself and has withdrawn or abandoned the prospect.
But I’m here to tell you that’s a misguided thought. While Erik Finman condemned Bitcoin, he lauded other cryptocurrencies. Namely: Ethereum, ZCash, and Bitcoin Cash, with the latter only needing proper marketing to flourish.
In fact, thanks to Ethereum, the creation of new cryptocurrencies and blockchain applications are made possible, massively enhancing the usability, potential, and applications of the technology.
With more entrepreneurs and innovators engaging in the blockchain scene and attention towards its potential. Leaders around the world have leaned towards cryptocurrency use and application despite Bitcoin’s death sentences.
Thanks to the path laid out by the first cryptocurrency and Satoshi Nakamoto, the world as society faces a new age of development and secure digital assets will remain relevant. Cryptocurrencies and blockchain technology are here to stay and will undoubtedly shape the future. This change will affect our way of life. What about you? How do you see the world with cryptocurrency?