BITCOIN IS BUILT TO NOT FAIL

We all know things have gotten worse for the crypto market but we don't know how much worse it could get. Could crypto lose all its value? Of course, crypto is big and it is made up of many coins, mining, and exchanges. There are over 20,000 tokens and 2,422 coins of those coins an already dead but you should know that it was not the death of those coins that caused the last two main crashes. The crypto industry is healthy enough, the extinction of small coins has no real impact on the industry. The problem of all when it comes to being too big to fail is usually the granddaddy of crypto which is Bitcoin.

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The industry usually uses the price of Bitcoin to measure the health of the crypto industry. Of course, Bitcoin could survive the death of hundreds of other coins but no coin could survive the death of Bitcoin. If Bitcoin goes down, it will certainly take the entire crypto industry will and that tells you that with the world of crypto, Bitcoin is too big to fail. The big question is that what will happen to the global economy if Bitcoin drops to zero? If Bitcoin fails to zero, it will definitely destroy everything else.

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300 million people in the world own crypto and the value the in the industry flow to about 1 trillion dollars, Bitcoin seems to make up one-third of the total market. If Bitcoin fails, it will destroy the faith in the industry. There are many crypto exchanges around the world, if the most traded coin is gone, it will make those exchanges useless. Let's consider the mining companies, if Bitcoin ended up becoming worthless about a million miners will have to look for another source of revenue.

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Bitcoin may be new so is Tesla, the entire crypto world is worth about a hundred dollars more than Tesla. Though the entire crypto crash could not destroy the world economy just the bank crash could it will have a great effect on the economy. We will be able to see a currency collapse come. Bitcoin is a currency and the stability of any currency on the consumer's confidence, the political state, and the economic performance of a nation. When a currency crash, it usually occurs after a period of hyperinflation and the inflation would be about 50% per month.

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When the economy is bad, the central bank print money, and the government lend money, the economy is still bad. The price of good increase and the consumers will pay the price if you repeat the process over and over again, that is how inflation grows. The value of fiat currency is determined by the government printing it, the government can print as much money as more as they wanted. When it comes to Bitcoin, hyperinflation is impossible. The main goal of cryptocurrency is to tackle the failure of traditional currency. Bitcoin is not like the fiat currencies that the government can print as more as that wanted. There is a maximum number of Bitcoin that could ever exist. Although it is called a currency, is less like the dollar and more like gold. The government can not print as more as they want like fiat currency but the biggest threat to Bitcoin is when people stop caring about it.

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Even if it is possible for Bitcoin to fall to almost zero but chances are slim. Maybe if the world government comes together to ban Bitcoin but make Bitcoin illegal will not be worthless. The price of Bitcoin will continue to rise even if the government makes it illegal. Bitcoin is designed to not fail.