How low would Bitcoin have to crash to be beyond recovery?
How low would Bitcoin have to crash to be beyond recovery?
This just out curiosity and I don’t believe it’s likely that BTC would crash low enough to be basically die, mostly because its come back from the “dead” several times.
But hypothetically speakin, how low do you think BTC would have to crash for all interest in it to shrivel up? As in complete disinterest, absolutely no chance of recovery? Or is it even possible? Would BTC rise back up even if it dropped down to 1 dollar?
Ayana Answered question August 8, 2022
Historically, the last time BTC was worth 0.01 USD, it did fine afterwards. The conversion rate of BTC to USD has nothing to do with its ability to survive. The fact that it can’t possibly ever be used for day-to-day transactions is what threatens its ability to survive.
adrian ondachchi Answered question July 15, 2022