I think you misunderstand Bitcoin. Bitcoin’s long-term “number go up” effect is not random. It comes precisely from its decentralized nature and strong monetary properties It does not depend on marketing from BlackRock or any other institution. BlackRock came when it understood Bitcoin. Saylor came when he understood Bitcoin.If they forked Bitcoin and created their own new shitcoin, it would just be another shitcoin, like Ethereum or XRP, which would trend toward zero against real Bitcoin in the long run.
No, the price goes up because a lot of people invest in it because they think it will go up in price. The price
absolutely is supported by marketing from BlackRock, Michael Saylor, Donald Trump, and few other major holders and brokers. If those people pulled out, Bitcoin would sell for $1.50 per coin.
Of course they wouldn't because they want to maintain their investments, and they will do whatever it takes to increase their investment--and what small holders, religious bitcoin maxis or anybody else wants doesn't matter. They can change Bitcoin and almost everybody would follow them since they would otherwise lose all of their money.
(Also, ETH market cap is
$257 billion and XRP is at
$85 billion, so uh... not trending to zero...
).
Digital currencies are legal now, which is a good thing for Bitcoin because it's not, in any meaningful way, decentralized anymore.
I hope that this is your information does not mislead others that will be coming across what you are posting, bitcoin still remains Eid decentralized digital assets and nothing can change this as a fact, forget about people accepting to adopt or government approving its adoption or not, forget about the challenges that may be encountered, all you just need to focus on is the reason behind bitcoin white paper and this has the answer to every question you may want to get clarification about regarding Bitcoin and why it was introduced.
I would hope so too. Can you tell me what information I have said here that is not true?
I'm not saying don't buy Bitcoin, by the way, and in fact the market seems to be saying that decentralization doesn't matter for Bitcoin's trading price. Investors just want Number Go Up and don't care about any technical details.
