Man brilliant article so you are saying the internet infrastructure becoming unreliable will push bitcoin and all cryptos to 0 ?
RE: What's Bitcoin's Value?
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What's Bitcoin's Value?
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So this is a big question. Crypto’s make a good case against gold BUT require internet infrastructure to be intact. In the event of an EMP or horrible solar flare- crypto would be 0. Because even if I have stuff stored on my Trezor there isn’t a working connection anywhere to make a transaction.
I’d reckon to say internet infrastructure SHOULD if anything IMPROVE as years go on. Might’ve been rumor but I saw something about a node being set up in space.
To answer your question yes, internet infrastructure dying = crypto dying (it is technically internet money)
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To be clear, I do not expect that to happen anytime soon, but yes, if we are in a real deep crisis and the internet becomes unreliable then I think BTC and cryptos will become worthless (at least temporarily, until Internet is re-established).
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