Sirwin
Sirwin

Bitcoin got one more problem

By xuanling11 | Crypto Learning | 18 Jan 2023


Bitcoin is growing too fast. It outpaced any assets in the world, and that is a miracle. But that is bad.

 

It only took Bitcoin a decade to become 10,000X worth of dollars.

 

In the past decade, the monetary policies that encourage investors to take as many risks as possible has ended poorly with an inflation hike.

 

Fast growth is bad, and ChatGPT confirmed it too:

 

Fast growth can be bad because it can lead to oversaturation of markets, increased competition, and difficulty in maintaining quality control. Additionally, fast growth can also put strain on a company's internal resources, such as its management and workforce, which can lead to burnout and other issues. Fast growth can also lead to financial instability, as a company may not be able to generate enough revenue to sustain the growth and meet its financial obligations.

 

Although you may think fast growth is fine with it, it only benefits some people.

 

Does Bitcoin have to benefit everyone?

 

It should be. Bitcoin is to replace the current financial system. But why it only benefits a few?

 

It makes the wealth gap wider, making Bitcoin a questionable asset that is no different from its predecessors.

 

Thus, Bitcoin grows too fast, leaving lots of people behind and is not sustainable.

 

Photo by Towfiqu barbhuiya on Unsplash


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You can refer my previous article lists here and here and here and here

Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until

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xuanling11
xuanling11

Check out https://www.xuanling11.com/.


Crypto Learning
Crypto Learning

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