CoinEx CEO says Bitcoin collapse is inevitable

• Bitcoin has no real value: It produces nothing, has almost no daily usage as money, and relies only on people's belief (pure consensus asset).
• Crypto is a negative-sum game (like a casino): The whole industry spends tens of billions of dollars every year (mining power, exchanges, salaries, marketing, etc.), but real income from actual usage is only hundreds of millions. Big net loss.
• It only survives on new money: The system needs constant fresh capital inflows ("blood transfusions") to cover the losses and keep prices up. Without new buyers, it shrinks.
• The big inflows are ending: Spot Bitcoin ETFs were probably the last major boost. New buyer growth is slowing down.
• Big collapse is inevitable: From the current trillion-dollar market cap, a major drop is coming. Bitcoin may find a much lower bottom later, but a painful decline can't be avoided.

Balondior said:

Many people say that Bitcoin will collapse, but reality has shown otherwise. In the future, Bitcoin’s value is likely to continue increasing.

Click to expand...

jelenaitmui9 said:

does the hundreds of millions in real income from actual usage include transaction fees from exchanges and wallets or is that separate.

Click to expand...