With the emergence of Bitcoin in 2009, the concept of money got a completely different meaning. The world’s largest cryptocurrency became an innovation for the financial industry. However, we should note that not everything was as ideal as it was thought initially. The price of Bitcoin reached its height in 2017.
Right now, Bitcoin costs more than 17,000$ and it shows no sign of slowing down. Experts predict that it can go even further – to 20,000$.
There is a rampant myth that Bitcoin’s price could fall to 0. However, this is pretty much impossible to imagine, considering the popularity of crypto. In this article, we will talk about the main reasons.
Support
The idea of Bitcoin is to make transactions secure, fast and what’s more – deprive the surveillance of the central government. People like the idea of freedom and they are fine when no one watches or restrains them. It is the idea of freedom that people continue to support, and this trend is unlikely to change in the future.
BTC users are growing rapidly
The number of users that are purchasing Bitcoin grows rapidly. Even during the coronavirus pandemic, when the world’s largest cryptocurrency dropped to one of the lowest rates in recent years, still there were people who saw the opportunity to purchase it for a good price.
Technology is future
We live in a world which can be called the era of technology. Almost everything is on the Internet and everything is strongly intertwined with each other. Not only young people but also elder ones are strongly moving to digital technology and see it as a way to change the world. Bitcoin is not the only cryptocurrency in the world – there are other ones that emerge almost every month, but it is the former that is unlikely to drop to zero.
Conclusion
Looking at these factors, it seems impossible to predict that Bitcoin will ever drop to zero. Even the ones who are ardent supporters of this idea eventually should think of something new.
