Posts

Will bitcoin reach $0 because of...? Its own creator.

avatar of @fabian98
25
@fabian98
·
·
0 views
·
3 min read

Hello everyone...

There is no doubt that this day has been extremely stressful, since absolutely everything around us is falling, not only the crypto market. For example if we look at the Fiat market, it is also in the red and at dangerous levels, as there is a lot of panic everywhere and the same is happening with cryptocurrencies.

Some of us hope that it is because of the war announcements between the major powers in the world, the US and Russia over Ukraine, that any announcement of that magnitude (since many countries would be involved) everyone panics and the economies collapse.

But others point to the Fed's announcements on the increase of interest rates as the trigger for the fall of the crypto and Fiat economy, since bonds could be issued that would make the value of the dollar increase, which makes those who have money invested in bitcoin or any other cryptocurrency that is volatile, place it in something much more stable.

But whatever the reason, the fact is that millions and millions of dollars are being liquidated from the crypto market and the Fiat market causing prices to fall. In the face of this many people with a lot of influence in the networks or the world are coming out, wanting to add fuel to the fire and creating more fud, saying that now bitcoin will inevitably go to zero.

But is it true that the market is going to fall because of what is happening right now because of what is happening in Russia and because of the fed?

Well no, because there are 3 main reasons why the bitcoin or crypto market will not go to zero, and that is that 1 many important people have millions in crypto and would never want to lose their money and 2 the crypto market has become so big and powerful that the only way to bring it down completely is to turn off the internet and cut off the world's power supply forever. But since we are so comfortable in the digital age, that option is not viable.

The third reason is that there is currently a lot of investment in cryptocurrencies by the NFT and the metsverse, and these are millionaire figures from companies that study the market very well and know how to cope with the risks of operating in a very volatile market.

So, what can really kill bitcoin and the crypto market? Well, the creator himself, and this is also for 2 reasons.

Source

  • Satoshi Nakamoto is the only one capable of throwing everything to zero as he is an individual who owns a wallet with 1 million bitcoins, which makes him a powerful person as he can completely control the bitcoin by having a large part of the circulating supply.

  • The fact that Satoshi's identity is not known makes him even more dangerous, since he is not a company or a legal organization that can have repercussions if he were to sell the million bitcoins, being an ordinary individual with so much power, if he were to ever move money from that wallet he would lose total confidence in the decentralization of bitcoin. Which will cause the market to go to zero, in fact Coinbase called it a real threat to the entire crypto space and its business model that Satoshi Nakamoto will reveal himself.

So even though the market is bleeding out so quickly and painfully, bitcoin is still not going to zero, rather it is looking for a new resistance to start climbing again. That's why buying hand over fist like the whales and big investors are doing would be a very wise decision. Of course you need to
Do Your Own Research on this.

Posted Using LeoFinance Beta