Ah yes. Another entry to the list: https://99bitcoins.com/bitcoin-obituaries/

• As an actual currency, it’s functionally useless. Even if every retailer on the planet were to accept it, the overhead for making the transaction is just a non-starter

• Because of that, it’s entirely just funny money. Even further, since it’s entirely a virtual asset, if the power goes out, your wallet goes with it

• The environmental impacts are horrifying. This fact alone means that it should all be eradicated. Destroying the planet for Internet funny money isn’t an acceptable proposition

• For a decentralized currency, people sure do love centralizing under large exchanges, and the massive losses, thefts, fraud, etc. have shown that no matter how “decentralized” it’s supposed to be, it’s still susceptible to the same bullshit as any other currency

• Its high profile association with grifters, scammers, malware, and dark web shenanigans has completely soured its image in the public mind

• It’s entirely a speculative investment scam now. There’s no way to decouple it from that.

Weak hands got shaken out, and the economy is teetering on recession. When inflation stops and interest rates fall, and quantitative easing starts back up it’s gonna come roaring back. The SEC and CFTC aren’t trying to kill crypto, they are just trying to decide who’s jurisdiction it falls under. The crypto industry will benefit from regulation, it will get safer, and you’ll feel like an idiot for asking this question instead of buying while it’s cheap. Hit me up in 2025!

No, the market is down. stocks are down.