Bitcoin Forum

I was wondering if the general tendency of both corporations and public institutions (e.g. governments, Central Banks) to set up Bitcoin "strategic reserves" could influence the sentiment in the next bear market. But not because of the increased liquidity or demand, but their influence on the general "sentiment" or "public opinion" on Bitcoin.

Historically, in each bear market we witnessed a lot of voices, from journalism, influencers on Twitter/X and other social media, that claimed that Bitcoin had reached "its end" and "was about to die". This is often accompanies by claims that Bitcoin "was a bubble".

However, it seems that in this cycle, as Bitcoin is being embraced by corporations and even some governments, we may have reached a tipping point where not only die-hard Bitcoiners but also the general people could cease to believe these obituaries (https://99bitcoins.com/bitcoin-obituaries/).

If your government has a strategic Bitcoin reserve, could it then simply "die"?

An interesting example for this shift are the European Central Bank employees Bindseil and Schaaf, In 2022, after the FTX desaster, they published an article (Bitcoin's Last Stand (https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html)) claiming even at $20,000 it was a good time to sell because it was the last dead cat bounce before dying completely. Fast forward to 2024/25, and they published an article about the dangers of Bitcoin becoming too succesful (The Distributional Consequences of Bitcoin (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877)).

I'm still skeptical about massive Bitcoin reserves for governments (https://bitcointalk.org/index.php?topic=5504639) but the influence on the "Bitcoin is dead?" narrative could indeed help to change the sentiment in the next bear market, and make it plummet less because less people could fear to lose everything when Bitcoin "dies".

Thus: Is Bitcoin now "too big to die"? Could this accelerate the volatility reduction we're already witnessing, and finally pave the road to make it a more stable and "solid" asset, and a true gold competitor?

In order not to die the use cases have to grow.
Once it becomes like 2nd nature that you could pay with crypto it won't die.

In theory some people planning to make BTC2 might make big and we have 2 strongly valued coins.

Yeah every year we will see a journalism said Bitcoin will die because Bitcoin during bear season the drop is too big compared to other assets, this is the part how the journalism can use to say Bitcoin will die.

We haven't heard the bankruptcy of ETF companies or criminal drained cold storage that belong to ETF companies right?

We will see the narrative of Bitcoin will die, but in the reality Bitcoin is too big to die.

We've not had a crazy dip in recent and that is the only reason why you haven't heard those tales of how bitcoin is dead. Even though governments of different countries are whispering about bitcoin reserves, there are still doubters who are waiting to say, "I told you so"
Even within the crypto industry, there are altcoin and memecoin enthusiasts who are waiting to say a certain altcoin is or are the future. Bitcoin is above $100k, since it has been dipping, so they will look foolish if they start talking now, but if bitcoin falls to $50k or $6ok, then you will see things like that everywhere.

I don't think the fact that big corporations and governments are all thinking about adopting Bitcoin doesn't makes it "too big to fail" in the eyes of haters. After all, these guys are just looking to make a profit; they're not believers, they go wherever the profit goes. If an altcoin starts pointing up to $50k now, it will be the next best thing to these guys. 

FUDs don't really care about strength they focus on suppose weaknesses
Even with that there would still be FUDs but their effect would be limited than few years ago.

Imo there are different type of death. One I think is associated with the government route is people using Bitcoin via third party
And yes it would make it more stable and pointed upwards like the inverse of Fiat.

I agree that massive use "as a currency" would be an enormous step in the "solidification" of Bitcoin, once that happens it will be difficult to kill it and it would probably not fall more than 20-30% even in the deepest bear markets (like fiat currencies). However, we're still not there, so I was referring to a more short term effect for the next bear market. And even if I'm partly critical of the strategic reserves, they could have a volatility-reducing effect that could pave the way for an increased use as payment tool.

This is indeed a problem that could in theory arise in the next bear market and would of course probably lead into panic just like in 2022, or even worse, and it would of course trigger "obituaries" again ("Hey, we said that these companies were a scam!"). However, I think the likelihood is quite low, I expect none of the ETF companies to be managed as dilettantic as FTX and Terra/Luna was.

Treasury companies could be a bit more tricky, as their business model is more risky, but I expect them more to run into problems when volatility gets so low that their business model isn't attractive anymore for investors looking just for volatility, and that may be far ahead (not in the next bear probably).

Do you mean the death of Bitcoin's decentralization if it becomes further co-opted by governments and corporations? That would indeed be a completely different story, it could even be positive for the price evolution, but finally it could lead into a devastating crash when Bitcoin has lost all its USPs.

It is too big to die.
I even believe that we also gonna get diminished pullback at around peak bearish knowing the FDV has reached this big and the participation of institutional investors + strategic reserve just put a lot more trust toward bitcoin for the casual people not only to bitcoin maxi.

Not to mention the strategic reserve, pension fund access toward crypto, adoption in developed asian nations + rich middle east countries, as well as the ETF is just the start. I don't believe it can just suddenly die anymore like those fudders keep saying. Even the fudders around the world are starting to doubt the stance about calling bitcoin a bubble.
What it needs is adoption for alternative currency across nations then bitcoin will exist forever.

Just as the sun rises every day and it is certainly credible, so too is the future of Bitcoin certainly credible and bright. I believe Bitcoin will be more long-term, it is only at the beginning of the day that the end may take several decades. Because I believe Bitcoin will be very long-lived because and Bitcoin is a suitable tool for competing with all types of assets. Since Bitcoin was created, the use of fiat currency has been decreasing, and gold reserves have been decreasing.

You will notice that fiat currency and gold require different securities to carry, Bitcoin holdings only require privacy. That is why I can say that Bitcoin is ready to fight against everything alone, various countries have adopted Bitcoin as a strategic reserve and more unique countries are preparing to accept it.

Yeah, the whales already control a lot of supply in the market, so they won't let it die unless they can pivot away to another asset asap. At the end of the day, retail will be the one who gets burned if they simply view Bitcoin or anything as a godlike asset that won't be affected by many things. I'm still not sure if we'll see an increase in Bitcoin usage as a currency tbh, as more institutions seem to position Bitcoin as an asset similar to gold. Retail investors also do the same thing.

as institutional adoption continues to increase and more countries tend to consider the usgae of bitcoin as her reserve, the narrative will certainly change not just for bitcoin enthusaist but for anyone that follows the trend of bitcoin enough to know that bitcoin can not just die like that. maybe if it was in an era where the notion was that bitcoin is just an household name for just bitcoin enthusiast alone, then it would have been a different case but as more people continues adopting bitcoin and whales and institution buys in on it, it becomes safe to say that bitcoin is technically too big to die.

one good thing about bitcoin is that, it can not just dump overnight without clear cut signal from adoptors in terms of obvious decision that will give an indication that theres likely going to be a reaction in the coming days. but even with that, it can only get bear for a while and likely get bullish again because bitcoin adoption cuts accross whales, private institution and now it usage as reserve which makes it even harder for a potential death or complete dump. the narrative about bitcoin dieing is just one that is caried by skeptics and anti bitcoinner who are just wishing fr what is gradually becoming an impossible situation.

I would have love to agree with you on your statement that it's too big to die
But the basis of it being Big isn't on a trustworthy ground, The government.
They say things, switch sides as long as it benefits them likewise some of these institutions.

No ETF has really gotten a bankruptcy that affected investors funds because of the way it's structured and regulated(stricter than cryptocurrency).

The biggest variable Now is that a CEX is used as a custodial, imagine if FTX happens here
Well that would be catastrophic

The one vote on "No, this time it's different" is mine, because, yeah, this time is indeed different. Even Bitcoin-critical journalists won't once again write a "The Bubble has Burst" article because they already made a similar headline in the past.

And they're probably cognizant of the fact that their failed analyses and predictions have already subjected them to ridicule. The Bitcoin community has already laughed at them. Imagine writing an obituary after Bitcoin plunged from $65,000 all the way to $15,000 only to write a similar obituary a couple of years later when Bitcoin dived from $124,000 to $100,000. Doesn't that make them look like a fool?

Also, yeah, I'd say a Bitcoin "strategic reserve" or "corporate treasury" trend makes people more confident than ever, like, "come on, the asset that BlackRock, Franklin Templeton, Fidelity, and others are bullish about is going to die? You gotta be kidding me!" The rising asset that no less than the US' Donald Trump is acquiring is going to crumble? You aren't serious!

This is probably the prevailing thought right now. It will only be different if these huge names backing Bitcoin themselves are the ones dumping.

There is nothing that's too big to die, if not there won't be many big companies and businesses going to zero in the past, Bitcoin on the other hand is different from them though because of the way it was built.

I don't even know that the world will now embrace Bitcoin like this because the utility isn't for everyone but today I am wrong because it was never created for that purpose only, it's a good inflation fighter and also a good store of value. The only problem that i am seeing affecting Bitcoin sooner is the massive involvement of the government, I don't like that Blackrock and others are massively buying, stupid me thought that decentralisation can push them back, but they are here for the money too and they don't care about the decentralised part of Bitcoin.

Yes, well, there are many things I don't like about governments, such as printing fiat currency left, right, and center, but I accept it and try to act accordingly.


I think so. Normally, without governments getting involved in long-term games, volatility would decrease. With the entry of major players, not just governments, who buy to HODL, not to trade, volatility will normally decrease, and anyone who insists that Bitcoin is a Ponzi scheme and will go to zero is simply being ridiculous. The fiat system is indeed a Ponzi scheme, and it is the one that governs our lives.

The news predicting Bitcoin's impending death will not end so soon because some of the major sceptics have not changed their stance. Gary Gensler, Peter Schiff, Warren Buffett and others still believe that Bitcoin will die. The press will always publicize statements by these haters to promote FUD.

Deutsche Bank (https://www.coindesk.com/markets/2025/07/15/bitcoins-volatility-will-continue-to-decline-as-adoption-grows-deutsche-bank) claimed that Bitcoin volatility will continue to drop due to mainstream acceptance growth and adoption by corporate organizations and the government. Based on research findings, the bank feels that the Bitcoin market is maturing.     
 

Bitcoin cannot be stable, it's a volatile digital currency and this one has been settled, bitcoin also cannot cease to be, because it has been created to stay, every other things happening will either help increase it market value and acceptability or leave it as it has been, but has no negative implications on its future growth, one of the reasons it will always remained a gold competitor is the way of it's increasing adoption with value over time, all these make it more profitable.

Lot of times we read this thing like there are some people pop out saying Bitcoin is dead.

There's article record how many times Bitcoin declared dead https://99bitcoins.com/bitcoin-obituaries/

But so far none of it actually hit the right thing since Bitcoin manage to survive for many years of its existence. I guess people saying that is crazy then get panic when they see a corrections happen. That's why they say or released a opinion like this because this is what they thought going to happen on Bitcoin before.

I have always been a strong advocate of more use case of Bitcoin which will continue to guarantee that Bitcoin achieve the purpose for its creation. When we have more innovations that encourages people to use Bitcoin in their daily lives, then it will continue to get better for Bitcoin and for all of us that are early in the culture. The good thing is that the high transaction fees, that have been sited by many as bottleneck, has reduced drastically and with the growing popularity of Lightning Network, it will even be lower although and the entire thing is a work in progress. Nevertheless. I believe that Bitcoin is too big to die, if it didn't die when the critics were active and vocal and many governments were against it, it won't die now that many are embracing it.

This kind of adoption from public institutions and institutional investors is definitely going to boost confidence amongst investors, particularly those who are weaker hands; those who seriously panic in a bear market. It is easy to understand why the public sentiment will change, many of them do not truly understand bitcoin, nor its values, they would rather want to erroneously associate its value as being backed by trust from big public institutions, rather than its use cases.

Some part of the media is also controlled by these public institutions, so it is only normal that their publications about bitcoin would slightly change, and even those who are still very critical would likely be ignored.

My opinion is that there will always be those who will take every opportunity to write something bad about Bitcoin, whether it's people who attack all new technology or those who are paid to attack BTC. The former are useless rats anyway who believe that the earth is flat and that dinosaurs live on some tropical island somewhere - while the latter are much more dangerous because they have much greater resources to spread their articles wherever they want.

In addition, I think that these big players who talk positively about Bitcoin today are playing a double game, on the one hand they are trying to use the opportunity to earn a lot of money, and on the other hand they are trying to kill the idea that Bitcoin is a currency because it does not suit them at all.

Accordingly, I don't think volatility will disappear because it is the main factor in the game - it brings profit and at the same time sends the message that Bitcoin is not suitable as a currency.

It's too easy to say "dead" for people whose minds are too complex to grasp reality.
Bitcoin 21 million. It's intended for transactions because Bitcoin is an electronic cash system.

When they said that $20,000 was the right time to sell because it was the last dead cat bounce before it died completely, then three years later, Bitcoin's price skyrocketed. Given the current reality of Bitcoin's price, their thinking is increasingly confused in their attempts to justify their own thoughts.

Bitcoin has grown into the stage that nothing can kill it and people investing in it wouldn't buy the FUD anymore because big whales, institutions and the US government are talking good about bitcoin and also encouraging people to buy bitcoin for the future. That will put more confidence into new and old investors so that they don't panic sell when there is a dip.

We hear negative news about bitcoin whenever there is a dip but I am still waiting for the news that will lead bitcoin to the bear market. Volatillity is the nature of bitcoin and can't be removed from bitcoin.

The bear cycle can still and most likely will happen. It doesn’t mean though that it will totally crash and “die”. It will just decline in price sure but I don’t even think it will crash that much unless there’s some big scam or hack scandal again or some governments decided to ban bitcoin. But we are past the point of no return.

Of course it is true that volatility is a nature of Bitcoin and it can never be removed but still its demand is very high at the moment because the US government has registered a positive view towards Bitcoin. Bitcoin is now extremely valuable to big companies and institutions, for example, the Philippines, Thailand and Latin American countries introduced a bill now for a strategic reserve but it is not correct to say that strategic reserves have implications for bearish markets because these are positive news for Bitcoin that indirectly work to bullish the market and keep its candles green.

Even now we have seen that after Fed Chair Powell's comments on Jackson Hole economic policy, the price of Bitcoin has pumps back over $116k, this is a sign of a bullish market.

https://www.talkimg.com/images/2025/08/22/UZFJEP.jpeg (https://x.com/BTCTN/status/1958895309695672771?t=yt7rpshcdPv29A-b43w_tw&s=19)

The more adoption it gains, the stronger Bitcoin will become. I don't know if volatility will decrease unless they create financial mechanisms for this purpose. If Bitcoin "dies," it will be an unprecedented catastrophe. Just think of the reserves created; billions have been invested, and depending on the country, it could mean total bankruptcy.

There will always be "conspiracy theorists" saying Bitcoin is a passing fad, that it won't last, etc. It's part of the game!

There is Volatility in every market, why you don't see them on other assets line gold, crude and some other commodities is because they are been controlled. Have you ever heard any exchange stop trading on a daily light before? Well, I'm happy to tell you that Robinhood and New York exchange, they have done it severally, it's something they call breaker, they can just stop market from reacting to orders and that's it but here in Bitcoin, it occurs naturally that's why you see Volatility crazy sometimes.

Haven't you noticed the market lately, if it was before now you will see Bitcoin trading below $100k when it was publicly announced that US will not be buying Bitcoin with public funds, it has been dropping slowly and catching up doing lows and high. If this was before, trust me it's going down to rabbit hole where we may even find it very difficult to find support, this is the effect of strategic reserves from different institutional investors that believes in Bitcoin on the long run.

It is not too big to die, if it dies then it dies. But we are definitely not going to hear the end of "bitcoin will die" type of journalism, that is something that will always be there.

This is why we should not be expecting something big here, it's very normal and should not be shocking to everyone. Be certain that people will want the "death of bitcoin" for a long time, as long as bitcoin exists, it will happen. That doesn't mean it can't die at all, I mean it's a technical thing, maybe quantum computing, maybe some hacker, some person may change the results and suddenly bitcoin is zero, it's not "impossible", but as we all know it's very low chance and it will not happen, we just say that for technical reasons.

And imo if some thought is too "prevailing" or popular this could generate a certain risk: if contrarian traders (think those who dumped Terra/Luna and BTC when they were aware of the vulnerabilities of their algorithm) see a chance to bring one of the treasury companies into problems, then this could generate such a "huge name dump" via a chain reaction. I consider this relatively unlikely but not impossible: say they attack the weakest of the treasury companies while also shorting BTC, and then distributing the narrative that "Bitcoin Treasuries don't work", bringing also bigger treasury companies into problems (maybe not Saylor but the second tier).

Volatility "disappearing" is also not what I expect. And yes, the "riding the waves" pattern, be it short terme spikes or our beloved 4-year-cycle, is still prevailing among Bitcoin traders I think. But I expect that the ups and downs could become simply less extreme if there is less potential to panic because you fear to "lose everything" when "Bitcoin goes to zero".

But still with 50% of the current volatility there would be enough profit to be made with trading.

Agreed with that but so far the US government is showing support. I'd call it a good bullish sentiment for bitcoin and if bitcoin just keep getting support. Bitcoin will be stronger than ever.
What bitcoin need is to stand alongside gold in term of being an asset for investment and it's doing exactly that right now and on the right track to be having wide institutional adoption.

Even the ivy leagues are starting to diversify to crypto right now already.

Meaning, they collude with each other just to bring a certain company down? Indeed, that sounds relatively unlikely.

Contrarian traders are categorized as such because they belong to the minority. They don't get to dictate the narrative. What's prevailing they won't be able to easily replace. At most, if a chain reaction follows, then something similar to the Terra/LUNA effect on Bitcoin might happen. The price lost around 50%. But that was temporary. The market was able to fully recover a year later.

In the end, however, the reason to dump LUNA was based on legitimate concerns. It wasn't driven by a mere contrarian thought, or the simple urge to prove a prevailing trend wrong.

And, going back to the point, if it didn't kill Bitcoin at $30,000, the more it won't at $120,000. Bitcoin is much bigger now. But it's not because it's too big to die. It just doesn't die.

These names have always had a major significance in the old ways of finance and doing business and this has left them completely out of the world order that is to come, they don’t see themselves having much significance either and as such, they tend to fight the change, remain adamant and don’t wish to agree to the single law of nature that has advanced through time which is “CHANGE”. Well, we all know what happens to things that don’t change, they break!

To me the whole "omg bitcoin is dying" narrative has been more like meme for a while now, that pro-bitcoiners have been pushing ironically and no-coiners are taking it serously.

It's probably not going to ever die, but it can have ATH in the future, that it never reaches again unless inflation of fiat money catches up. Main thing that could crash it from that ATH could be an energy crisis.

As when a decentralized ledger takes more power than country of Finland (or bigger country), while people have trouble paying their electrical bills, it can have a cultural backlash that affects to voting, and after that to regulations.

Volatility will remain even if we see massive adoption by institutions. Bitcoin will remain the most volatile asset among the most stable assets, still susceptible to global sentiment, crises, or conflicts. However, we need to believe that volatility will continue to decrease, even though it may still be higher than assets like gold. But talking about the death of Bitcoin is still very far off.

The primary driver would be of course profit by short selling Bitcoin and the stocks of these companies. Not "just to bring them down". Just to clarify. Basically how short squeezes work, but the opposite. Or take Michael Burry, the guy who predicted the 2007/2008 financial crash since 2005 or so and made fortunes with his small hedge fond.

Of course there has to be a weakness in the business model, and a chance to exploit it, i.e. when some of these stocks lose demand. I personally am not too convinced of their business model being sustainable forever. But I don't expect neither a crash being 100% sure for the next 25 years or so (I think 50/50) neither do I expect the crash to happen in the next bear already, but there is a small possibility.

I agree. Even if Saylor falls this would not be the death of Bitcoin. But my dreams of a volatility reduction would have to wait then a few years more ;)

I don't expect the energy demand of BTC to grow that much more. The halving effects should equilibrate the price increases approximately from now on. That could already be the case: even if BTC's price grows to 140,000 now, then it has barely countered the effect of the 2024 halving. Meaning that the block reward in USD in 2021 when BTC was at 69,000 would be similar to the one in 2025 at 138,000.

So unless we see an extreme price increase in one of the next bulls, the "Bitcoin kills the climate" narrative should die down. AI is already consuming more energy afaik.

Lol! Can you guys be for real and stop associating bitcoin related discussions to US government, is bitcoin tired to any country? No ! So why will you refer bitcoin related discussions to relate the US government, bitcoin is global and not for anyone but for everyone, hence I will ask if china and other countries are in support of bitcoin and the US are not does that mean bitcoin will not keep existing? Of course no bitcoin is not beyond death but it’s very difficult for that to happen that’s all except the internet is totally short down.

As we have seen, it is not tied to any country or whatever is happening around it, is a separate entity from any jurisdiction or any government. Hence, it is the prerogative of the government how they will approach the crypto market. I believe a lot of countries are just being discreet with their bitcoin reserves or involvement. But more than likely, they are also silently watching this market and doing their own things to take this opportunity.

Most countries today, I believe, are already looking their opportunities in this market. I don't think they are blind to see the performance of btc throughout the years. They will be left behind if they will shut their eyes on this market. They have seen that no country can really dictate the direction of this market. A very good scenario was when China declared to ban crypto. Some may have had their worries as China is considered to be one of economic powers in the world and yet it didn't collapse the btc market. A testament that no single country can topple this market that easy.

I don't know, it seems to me that a lot of small investors made an exit at $100k and are now impatiently waiting for a new correction to re-enter - while on the other hand, big players can afford occasional dips in which they take profit, and at the same time they have enough funds to prevent the price from getting close to $100k.

From volatility that used to be quite uncontrolled, perhaps today we already have volatility that is more programmed (artificial) because very powerful players hold about 10% of the max supply, which is no small thing (although it may seem that way to some).

The idea that Bitcoin could go to zero is something that you will have a hard time convincing someone who understands how the market works, but on the other hand, there are a lot of people who consider this option possible, because for them Bitcoin is still some mysterious internet thing that functions like an ordinary MLM/Ponzy scheme that will have to see its end at some point.

Well that's refreshing view. You are one of the few bitcoiners that are skeptic about it going to over a million. Maybe that's because you have been around since 2013 in here.
I honestly wish that it wouldn't just keep rising, because of what i said it would create problems for anyone holding. And if it would crash too far down now, it would create whole another problem if those people would lose their savings on it.

Because let's face it, i don't believe in a second that most of us have invested less then they can lose.

I see a lot of people talking about Bitcoin surpassing $1M and it's something that also gets me thinking. I don't doubt that it's possible, but from my perspective, it does seem unrealistic. Bitcoin's volatility has decreased the past year or two, its price seems to have stabilised, especially after surpassing $100,000. This doesn't mean that we won't be subject to another bear or bull market, on the contrary, but perhaps we might not see major fluctuations that we used to see.

People will always claim what they want to believe about Bitcoin, if it was to crash 10% as we speak, some people would still jump and call that this is a concerning crash and it might be the beginning of the end, bla bla bla. People will never stop that.

Bitcoin has surpasses the period of dead, bitcoin now is on the developing stage and in the developing stage, it would widespread across the world. And as a currency which was created by individual and not the GOVERNMENT so it will take some quality time to be accepted as a payment tool. And before it will be used as that it needs to be well known in the whole world so that when starts, marketers would not reject it.

Bitcoin has grown and it will never die again and coming to the next bear market, I dont think bitcoin will come down to $80k again. in the last 24 hours, bitcoin was at the rate of $110k but now it is $112k and still on the rising side and if investors bought at $110k, it was a good purchasing point.

 

Just to clarify: I don't rule a $1M Bitcoin out. I think if there is a strong narrative that Bitcoin can be really a gold competitor, then this could trigger a bull market where the price more than doubles in a standard bull cycle. Imagine the gold price falling and Bitcoin rising to new ATHs at the same time, even if it's only for a couple of months. And in 2030+ that could bring us close to the million. But at the same time, I expect most bull cycles to be weaker (i.e. less than a x2 in four years, in purchasing power) due to the general volatility reduction tendency.

Thus I believe mining rewards would be stable or slightly declining in the long term trend, which hints to a stable or decreasing energy use. Not a stable hashrate, as the technical progress of ASIC hardware of course will still continue.

In addition I believe the quota of renewable energy will grow steadily. It's simply the cheapest source of energy that exists. And that also helps to counter the "climate killer" narrative.

That's why I think the next bear market could be an important milestone if we manage to significantly reduce the downward volatility. If falling knives become less scary, and more and more people switch from the "riding the bull waves" model to DCA or contrarian trading, that could be weakening the "Bitcoin can go to zero" narrative a lot


Well the ETF companies are imo not a single entity as the legal owners are the ETF holders. (Micro)Strategy on the other side, as the biggest individual holder, is at 3-4%. So I'm not sure if there are now more "whales" with the power to really move the price than before.

I however think I agree with the "more controlled" volatility. I attribute that however to the fact that more professional players are now in Bitcoin, and (in comparison) less weak hands. Even retailers are learning, they use DCA more frequently now instead of the extremely cyclical behaviour of, let's say 2017.

I also think the "mysterious Internet thing" narrative is weakening too. I occasionally see it still, above all in comment sections of newspapers and similar platforms, but a few years ago (pre-pandemic) it was the prevailing narrative and now it's becoming a minority.

The world economy is facing a change today. People in different countries of the world have started to accept that Bitcoin provides economic freedom and security and people around the world have started to welcome the adoption of Bitcoin, so it is the responsibility of the country's government to ensure the economic security of the common people. But if the country's government and the IMF cannot accept this change, then the main obstacle to the decentralized economy will be the government and the IMF. But now it seems that the picture is changing. Especially when corporations and governments have started to accept it. The government's own strategic Bitcoin reserve system is proof of that. When people see corporations and governments themselves keeping Bitcoin in reserve. This means that along with the common people, now various big companies and governments also want to invest in Bitcoin as an asset and hold Bitcoin, as a result, people will not believe so easily in the future - Bitcoin will die, and this is the basis for sustaining a new economy. However, the fact that there is a lot of research needed on the subject of "gold alternatives" and that there are many opinions is actually positive.

Ah... now the narrative has changed, hasn't it?

It isnt so much about the price of Bitcoin, its more about the costs necessary to kill this idea, if you understand me... if not, let me explain better: Now that we have companies strongly supporting Bitcoin, several ETF funds, and even governments with BTC as a "strategic" reserve, Bitcoin changes its political category... it's no longer a cypherpunk's toy but an asset of established interest.

Obviously, this doesn't mean that Bitcoin will grow forever, but it also can't be said that it will die like they did before, because then they would also have to explain what would happen to shareholders, taxpayers, and regulatory agencies asking: "Bitcoin is dead... but what about the balance sheet/treasury with BTC? What happens?"

Nowadays, the perception of risk has dropped significantly, panic no longer exists, although bear markets still exist... its a healthy volatility like any other financial market... it rises and falls, creating opportunities for those who know how to enter the market, but always with the certainty that it will continue to exist.

Yes, some people will spread FUD for their own gain, while others simply dislike crypto and will do everything they can to create more FUD. On the other hand, those who truly understand Bitcoin will hold strong and not be shaken.

That's an interesting perspective. I agree that liquidity isn't the biggest shift if governments and large corporations treat Bitcoin as a strategic reserve, it naturally becomes harder for the average person's to believe the 'Bitcoin is dead' headlines that used to dominate every bear market.



I think "too big to die" is a fair way to frame it. Even if volatility continues for a while, the psychological floor feels stronger because now Bitcoin embedded in balance sheets and, potentially, state level reserves. That kind of legitimacy could be what finally reduces the extreme boom and bust cycles over time.

I agree with that. The more voters in certain countries having some kind of relation with any company (working there etc.) which holds or makes money with BTC, the more difficult it becomes for any goverment entity to justify an attack on Bitcoin. (While of course, attacks on Bitcoin's privacy/pseudonymous aspect are still "legit" for governments because they don't affect the market, at least not much.)

There has been however also the "FUD" version of that narrative: "Bitcoin will kill our economy because eventually it will crash and take treasury companies and finally banks into the grave! Let's at least not let it grow further!" If this narrative becomes dominant eventually, this could limit Bitcoin's growth again. But currently ... it simply doesn't look like that. Times look currently quite good for Bitcoin investors -- independently from the fact that we may be near a cycle top.

If Dollar can die and people discuss it dying for decades now then I reckon they'll have plenty more to say on Bitcoin for many years yet.    Saying the opposite makes me more apprehensive then any criticism, saying its unsinkable is surely a bad omen we should have learnt that already by now.

IIRC, most of the concern before was its high fees. But then, it scaled and was solved. Because people who criticized Bitcoin was always pushing for the fees that we've got before and even mocks that the fee is even more expensive than a cup of coffee. Now when that's been solved, they have found some other narratives to throw to Bitcoin. I wouldn't say that it's too big to die but, it's here to stay.

Those people don't get that states don't go bankrupt. They default.
The new $ will shine as bright as the 1st one. Actually the US is the among those countries who did not come up with different currencies like the new $.

some interesting data:
https://worldostats.com/country-stats/currencies-by-country/