The only thing that kept BTC from going to zero was institutional investors seek

The only thing that kept BTC from going to zero was institutional investors seeking to preserve the opportunity. That’s all. Otherwise it would have gone, as expected to under 10k. My argument is that their support was unexpected. And that if they have confidence in it then it might survive as an investment vehicle. But if the ‘problems’ of btc are solved, (i don’t think they can be) given the compute cost and the performance, and it became a viable liquid currency, the state would stop it as a competitor.

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