Will $BTC Ever flop?
Even if $BTC has become one of the most powerful and embraced cryptocurrencies, there are circumstances that may lead to it “flopping” and hence suffering in value and relevance. These include:
Restrictive Government Policies: Governments could restrict the use of the cryptocurrency by enacting laws against its use or enacting harsh controls on its use.
Technological inventions: New developments in technology, for example quantum computers, may present weaknesses in the bitcoin network or may render the network irrelevant, that is, obsolete.
Obsolescence: New more efficient cryptocurrencies or other financial technologies may render bitcoin less useful or scalable.
Sustainability Issues: As environmental concerns rise, the over-reliant power consuming production system for Bitcoin ’ mining may not prove viable.
Dispute with trust: If potential users and investors fail to believe in $BTC as a means or store of value, demand and more so value would go down drastically.
