The constant reclassifications of Bitcoin

[Pekelo]

As its usage changed through the years, its users kept changing what is its purpose:

1. A geek experiment, a proof of concept.
(the early years, only geeks knew about it)
2. The currency of the internet
(major adoption, worldwide usage and media coverage spreading)
3. A store of value
(huge price appreciation followed by shrinking adoption due to technical difficulties, this is now)
4. A collector's item
(when price eventually falls back to 3 digits, this is in the future)

 

[SoesWasBetter]

So you here, live in ET, to an audience of untold millions, predict a 90% drop.

Does the future include the next 1, 2 , 5 ,10, or 10,000 years ?

 

[Pekelo]

So you here, live in ET, to an audience of untold millions, predict a 90% drop.

Does the future include the next 1, 2 , 5 ,10, or 10,000 years ?

Since bitcoin holders like to talk about what happens in 2140 (when bitcoin mining stops) I say the same. Only 123 years away...