5 July 2021

Why Bitcoin will FAIL - The crypto crash is HERE

5 July 2021 · 10:17

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Summary

After losing thousands in the crypto crash, Daniel predicts Bitcoin will fall from about $33,270 toward $20,000, possibly zero. He says Bitcoin fails as currency: limited supply, hoarding, and holders unwilling to spend it. He says Bitcoin is unnecessary beside digital banking, while energy consumption, pollution, hype, and regulation make it worthless.

Insight

Personal losses transform earlier speculative enthusiasm into categorical distrust and predictions of crypto’s total collapse.