My take is that it won't, because it's been adopted by forces like Blackrock.
Yea yea, virtually every criticism of crypto you still have applies, such as its origin and how it will be used to usher in CBDCs, etc. etc.
But your "it's going to zero" take is wrong, unless, I suppose, the whole international banking system collapses or the power goes out with no hope of repair. In either case, we have bigger problems to worry about, and you won't be jumping on here to say "see, I told you so."
EDIT: I'm still waiting on a prediction of when it's going to zero. Any takers?
It's so obviously a ponzi. Like most "assets" it won't go to zero, but will become close to worthless outside the Kool Aid drinking community that will delusionally and religiously hodl it until they die.
Btw, bro, 2025 might be the year my toe nail clippings go to $1M, don't miss this chance to get in. Central banks want to ban access to these, and theres rumors Putin is going add them to the BRICS currency basket.
You really think Blackrock is going to let Bitcoin crash to near worthless?
Fuck yeah. When they opened up blockchain futures, that also gave them the opportunity to short it, when the time comes. They don't give a fuck.
Based on historical precedent, such as the South Sea Bubble or Tulip Mania, provide a comparison to make the case.