- Michael Saylor considers that if something is not Bitcoin, over time it will have no other destiny than to reach zero, that is, to disappear.
- Given its performance in recent years, statistically there is a low probability that the asset will reach zero, of course nothing is impossible, but it would require resounding technical problems.
- If the cryptocurrency does not touch the value of zero at the end of the next cycle, that is, within the next 6 years, the probability that it will do so in the greater future is very low.
Digital assets have gained a number of supporters over time, especially after they broke several all-time highs unannounced, posting never-before-seen prices before the action-thriller crypto winter burst onto the scene. lower the sums a little to the industry.
Nonetheless, Many people continue to have faith in digital currencies, to the point of considering that in the future, fiduciary money will cease to exist to make way for digital.
In this regard, a century ago the Spanish writer and philosopher Miguel de Unamuno, pointed out a phrase that endures to this day, “andProgress consists in renewing oneself”. That idea was quickly captured by the general public, to the point of becoming a popular saying “renewed or die”.
This idea has been applied to the world of digital assets, most recently by former MicroStrategy CEO and asset supporter Satoshi Nakamoto.Michael Saylor this because he recently posted on his official Twitter profile, that Consider that if something is not Bitcoinas time passes, it will have no other destination than to reach zero, that is, to disappear.
“On a long enough timeline, if it’s not #bitcoin, it goes to zero”, Said Saylor on his Twitter profile.
Bitcoin, a long-term investment
Although such a statement may sound somewhat extreme, the former CEO has some grounds for his claims.
The first of these is the fact that the so-called “digital gold” has managed to overcome various failures and endure over time. Bitcoin has been with us for 13 years now and very few currently have the idea that the token could lose all its value in the short or medium term.
Given its history of growth and decline, if we talk about its long-term projection, until 2030, considering that during that time the digital asset manages to maintain a good value, statistically there is a low probability that the asset could touch the value of zero, of course nothing is impossible, but it would require resounding technical problems and of an exceptional market situation for said event to occur.
Basically, the focus is to know what the value of Bitcoin may be in the coming decades. Or put another way, it is about answering the question of whether in a period of 2 decades, the price of the digital asset touches the value of zero at some point.
Bitcoin Forever
Returning then to Saylor’s statement, the asset will not know the value of zero, neither in the short nor in the medium nor in the long term.
Very few people believe that in the short term the token could be worth zero, however, as we increase the number of years of prospecting, the number of people who believe that it will do so also increases.
The point is that, yes the cryptocurrency it does not touch the value of zero at the end of the next cycle, that is, within the next 6 years, the probability that it will do so in the larger future is very low.
Continuing in agreement with Taylor, the same will not happen with fiat currencies, stocks or bonds, due to the fact that they must always have a maturity that almost never extends over the long term.
Thus, following this reasoning, Taylor could be right, since very long-term financial assets generally lose value they simply disappear, so if the so-called digital gold manages to reach 2030, there is a wide possibility of that it stay with us forever, becoming something endemic, like the coronavirus.
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