Having all or most of the bitcoins in one or a few hands is very unlikely , I mean almost everyone at the moment is aiming to hodl for long term to become a millionaire in the future , without forgetting the fact that Its being currently used in both gambling industry and the Darknet .
With every increase in the bitcoin price , the chances that this happening are getting low as whoever is planning to get his hands in almost everything should be rich as hell.
Topic: The Big Rip theory of Bitcoin - page 3. (Read 1693 times)
The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime...
So how likely is this, and what is your understanding of how things might unfold in this regard?
So how likely is this, and what is your understanding of how things might unfold in this regard?
Jump to: