The value of Bitcoin is still very high.
"high" is so abstract. high compared to what? i can say price of a Lambo is high, i want it to be worth $1 but it will never happen!
value is a concept that comes from utility and demand. and bitcoin has a lot of utility and its demand is increasing. on top of that its supply is small and also limited which makes it even more valuable.
the current price is too low considering.
Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
transactions take
3 to 5 seconds to reach their destinations so saying "slow transaction speed" is just bullshit.
- consumes a lot of energy
again "a lot" compared to what? i can say 1 KWh is a lot too and someone else can say a million times that is small.
bitcoin is not wasting the energy. it is using that energy to provide a useful utility: the one and only decentralized currency in the whole world! if it consumes 10000 times the current energy it is still worth it.
- It is banned in some countries
yeah 3 out of 195 (1.5%) have banned bitcoin. this is not a problem. even if 195 out of 195 countries have banned bitcoin it still wouldn't have been a problem because bitcoin is a
decentralized currency and that is not just a word. if you don't understand what that means read about it to get how valuable it is.
- Price manipulated
price manipulation happen in every single market that have existed in human history. you can't say it is a "bitcoin problem".
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
bitcoin is already a currency that is being used my thousands of people every day. a lot of them are using it also as an investment but that doesn't change the fact that it is a currency.
the future is just more adoption, more growth, higher price, more stability, better features,...