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[Gen Evie]

I have always wondered if bitcoin will cease existing or will bitcoin vanish. It's just a thought, but what if there was no bitcoin in the first place, or bitcoin could no longer be mined? According to some opinions, It's calculated that all bitcoins will be mined by the year 2140, this is the point that is estimated to release the last block reward. And in some cases if a Bitcoin is lost or destroyed, it cannot be recovered, which can lead to a decrease in the total supply of bitcoins and an increase in their overall value? My question is why should a digital currency be lost when it's not in the physical?
Also what are you thought concerning cryptocurrencies generally, do you think they can have an end?

 

[Flower]

The finite supply and the increasing adoption of cryptocurrency has given it an hedge against inflation and it is termed as a digital gold . This makes its extinction impossible especially when we are considering its impact on the global financial landscape.

 

[Lens_]

The Bitcoin strong brand recognition and its network effect made its extinction unlikely because bitcoin has been so strong despite it dynamic and unpredictable nature. It has generated a lot of recognition in the financial sector.

 

[arunima25]

Bitcoin has definitely faced lot of issues from complete ban to limited adoption in various countries. But still it has existed for years now. There are lot of people into it and the market involvement is huge. The challenges faced by it is still not over and countries keep changing their status on it's acceptance. Things are uncertain. Though it sounds unimaginable to see it go extinct at present, it is not totally impossible. No one predicted the growth of this magnitude when it started. The market it volatile and one can expect any turn.

 

[Gamer01]

yes you are right we can never actually say anything to be honest what will happen to the markets we should just always make sure that we do our best effort and can surely help us actually to be honest , we should work on things like crypto properly indeed .

 

[bulkcheapservice]

Regulatory developments, in particular, can impact the cryptocurrency market. Governments and regulatory bodies may introduce new laws or policies that affect the use, trading, or acceptance of Bitcoin. Additionally, advancements in technology or the emergence of more efficient and scalable blockchain solutions could potentially pose challenges to Bitcoin's dominance.
While it's impossible to predict the future with certainty, Bitcoin has demonstrated a remarkable ability to adapt and overcome challenges in its relatively short history. As the cryptocurrency space evolves, it's crucial to monitor developments in technology, regulation, and market dynamics to assess the ongoing viability of Bitcoin and other cryptocurrencies.

 

[HussainSherazi]

At this point in time and in the near future, it looks like that Bitcoin and other established coins will stay in the market. However, in the far future, we do not know. I think the following factors may impact cryptocurrencies:

1. New Technologies: New technologies such as AI can imapct the existence of Bitcoin. However, adaptance of Bitcoin to latest technologies may keep it at an advantage.
2. New Regulations: Any new regulations, especially, global-wise can badly impact the cryptocurrency.
3. Physical Market Behavior: A sudden change or worse performance of the physical market will certainly impact Bitcoin. For example, if there is a recession in the physical marrket, that will impact the cryptocurrencies.

 

[Gamer01]

definitely it is very low chance that the usage of bitcoin can become extinct it can and will always keep increasing from time to time and that is a positive actually to be honest , there are many people who are indeed having the prediction about bitcoin going to millions they would never want such things indeed actually .