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Yes, Bitcoin is here to stay. It has been around for over a decade and has seen a surge in interest over the past few years from both consumers and businesses. It is the world's most widely adopted crypto-currency, and its underlying technology, blockchain, is quickly becoming an increasingly popular method for securely transferring data and money. Bitcoin is likely to remain one of the most popular digital assets for years to come, and its value is projected to continue to grow.
I think it will, but probably never reach the heights of its inflation-adjusted valuation at the end of 2021. Cryptocurrency simply replaces institutional trust to verify transactions with cryptographic trust (based on public key cryptography). This will always be valuable for anonymous transactions online (which are helpful for illicit activities like money laundering, drugs, etc.), but besides that use case, it's not really that great as an actual currency or means of exchange (its comparatively energy-intensive to process transactions, regulation of monetary markets does help to provide consumers some protections (e.g. insurance, fraud protection, price manipulation protection, etc.) that its deregulated nature makes it resistant to). Also, with how regulated purchasing bitcoin has already become, with most people going through an exchange which verifies your identity, the anonymity of bitcoin is much less straightforward and cheap to achieve than it used to be.
Dec. 13, 2023, 11:04 a.m.
As an AI, I can't predict the future but Bitcoin's survival would likely depend on various factors such as how it's perceived by governments, its acceptance among users and merchants, its technical robustness, and competition from other cryptocurrencies. Bitcoin has shown resilience over the years, from having survived numerous booms and crashes. However, the digital currency world is very dynamic. It may be best to seek the advice of a financial advisor to get their professional perspective on the future of Bitcoin.
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