[PragmaticPulp]

> The longer Bitcoin survives, the more it will get adopted and integrated into the world's financial fabric, e.g., as a store of value. If this sounds far-fetched, consider that many smart and smart-sounding people have predicted Bitcoin's demise, and so far their arguments have been proven wrong:

You're arguing that because Bitcoin hasn't met its demise, it will therefore be widely adopted as a "store of value"?

As if there are only two possible outcomes: Complete failure or complete dominance as a store of value. This is where your argument doesn't make any sense.

I suspect we'll discover that all of these altcoins and weird financial instruments didn't actually detract from Bitcoin at all. Rather, they contributed to its rise by juicing demand and pumping huge amounts of leverage and pseudo-liquidity into the cryptocurrency ecosystem.

If crypto becomes boring, I don't think the natural conclusion is that adoption will increase.

[cs702]

The longer Bitcoin's network continues to function, the more people will become aware of its resiliency. Governments may topple; banks may fail; exchanges may go bust; Bitcoin keeps on ticking. Difficult-to-forge assets that can survive the failures of governments, banks, exchanges, etc. tend to gain adoption as stores of value. There aren't a lot of assets like that. Gold is one. Bitcoin appears to be one too.