this post was submitted on 19 Jun 2023
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Bitcoin is still around 30k a pop, so I wouldn't say it's dead yet. But I foresee a big crash in the months or years to come: the hype has passed, and the real uses of crypto are very few. It's also not a good investment since the expected returns are 0. Once people finally realize that, I see the price falling to 1k or even less.
It still has value in getting currency out of hostile countries such as China and Argentina. For regular consumers? The ship has sailed.