The Economist: Bitcoin has lost its edge

Check out this video: "Bitcoin has lost its edge" So here's the deal: Bitcoin is totally in the mainstream now. You can invest in it just like your grandpa does with stocks using ETFs, and from a regulatory point of view, it's fully accepted. Even the US president is getting in on the Bitcoin speculation. Basically, Bitcoin has turned into just another option on your trading app just one product out of many. The Economist suggests this shift is why BTC's price has dropped by around 50% over the past year. But here's the real question: how does it make a comeback? Honestly, I can’t think of any trend that lost its cool factor and then managed to get it back. It feels like it’s usually a one-way ticket.

Cryptocurrencies have not been cool before because they are just advanced pyramid gambling schemes which some people create to make many just like Trump created Trump meme coin. Have money, create a project, make it a scam project is the reality. If it is not scam like the Trump coin, make money like Trump and dump it. Create another one and so on is the reality. Cryptocurrencies are for gamblers. Just go for bitcoin that is the store of value. He should be patient and see what happens before 2029. Bitcoin will get to all time high.

One should ask them, what has basically changed from previous cycles to this one? And what makes him think that it is now a one-way street and there is no possibility for it to go back up after going down? Bitcoin has been the same throughout its history, adoption or involvement of polticians, actors, influencers, or anyone else won't change anything other than the fact that it might affect adoption to some level. Just because Trump is now a Bitcoin speculator, it doesn't mean Bitcoin is going to change because of that. His statements or actions might have short-term effects on the price, but that isn't something new. The question "how does it get back" is a question a newbie who knows nothing about Bitcoin and this market should ask, not someone who pretends to have a lot of knowledge. Someone who says they know a lot about Bitcoin and is making big statements should know how the price will get back up in the next few years. An economist should definitely know how supply and demand works.

Bitcoin usually becomes "cool" when you realize the value of good and hard money. This realization usually comes after understanding the value of fiat money. Kids and adults both visualize $100 USD differently due to being at different stages of financial maturity in their life. But even some adults are lost on the idea of what good and hard money is. However, the kids nowadays grasp the concept of good and hard money pretty easily, especially since its a digital money. Gen Z, Gen Alpha, and Gen Beta will pick up and understand bitcoin so easily. Doesn't matter if it's "cool" or not. Money as a concept isn't cool. It's rather boring to most people. The only cool thing people see in money, or any currency, is having a lot of it.

Alternative title: The Economist finds the ultimate cope to declare bitcoin dead for the 478th time. Hard money does not need cultural phenomena to grow in value. The more boring it might seem, the more effective as a hard money it is. Gold is just a rock, but it grew in value nearly twofold last year. I will ping this thread in a couple of years when it will have aged like dogshit wrapped in catshit.

Were you expecting it to be that cool for you? Never ever expect it to be cool any day because the volatility is what gives it the major vibes it runs on, so there is never a dull moment in crypto, as many factors also affect the market that cause panic, and all of that, which makes the market this unique in its own special way. Just as _act_ has said, go for Bitcoin as it is a store of value, and that alone could give you what you want if you could have patience with the process of holding for long as an investor or holder.

We live in the postmodern era. That's why The Economist journalists speak like typical postmodernists.🙆 In the postmodern era, no entity or phenomenon is taken seriously... That's why The Economist journalists write that Bitcoin has gone out of fashion and conclude that this means it won't rise in price, etc. This, in my opinion, is typical postmodernist logic (a thing only exists while it's trendy; it has no fundamental value, nor can it have one). However, Bitcoin does have fundamental value. Bitcoin is truly global, decentralized money. In my opinion, increased financial censorship and the introduction of central bank digital currencies will only push people toward Bitcoin. Bitcoin is quite real, contrary to the speculations of The Economist journalists.💪

I understand what the economist mean, that the curiosity around bitcoin is gone right? And like right now, it seems every one is already in the know of what bitcoin is and no is curious anymore to maybe buy it simply because they just want to see how it works or how it feels to actually hold some bitcoin.. This maybe right but I do not think it's the primary reason why bitcoin has lost almost half of its price from the recent all time high, this is not the first bear market right? We seen a bear market in 2018 through 2020 after the 2017 bull run, we saw a bear market in 2021 through 2023 after the 2020/2021 bull run, and now, we are seeing a bear market since 2025 after the 2024/2025 bull run, this is a pattern and nothing more, in all of those bull run, bitcoin recorded new all time high, I am very confident that in the coming bull run, we will see another all time high again as well.

I am sick of hearing nonsense like the OP mentioned. From the past until now, there is always been this meaningless news, starting with "Bitcoin is a bubble", "Bitcoin is dead", "Bitcoin is an illusion", "Bitcoin is rat poison", and blah-blah-blah. All of this nonsense has been around for years, and in fact, none of their statements have been proven true to date. Ultimately, what we will find is: they will stop their nonsense, especially when Bitcoin hits a new high, they will fall silent, and some will even start getting involved with Bitcoin. For example, Larry Fink, who was once skeptical, Warren Buffett, who retracted his statement after investing in a crypto-related bank, Jamie Dimon, and so on. Here, you can try to see the following article, as the reference : fortune.com - 5 billionaires who publicly hated crypto then changed their minds The bottom line is, we don't need to listen to the nonsense of those trying to denigrate Bitcoin. Time will tell, and Bitcoin will surely make them regret their words.

We easily forget that Bitcoin is by design following a mathematical schematics that makes halving reduce its price in half and with more adoption and the launch of ETF, why won't the price struggle to rise further from its current position? I trust Bitcoin more than other coins because without the success it has made, the systems that make crypto currency usage easy by just a click of button would never have existed in the first place and am sure altcoins and those stupid coins created just to scam and dump won't have a market of greedy folks wanting to make quick money.

It's debatable if it was ever "cool", but to me it stopped being counter culture ages ago, unless you see rich elites being counter culture. But when i first started, i felt like i was part of something underground when i used it, and no one of my friends knew what i was talking about. Living outside the mainstream, under the radar and having money was appealing for a while. These days i feel like i am giving out vibes that i am part of sell outs, annoying crypto bros, red pill misogynists and scammers when i admit that i am using cryptos. Even though bitcoin, or crypto in general doesn't exclude political ideologies, it seems to have degenerate billionaire's bootlicker stain to it, that's hard to wash away, because those people really were at the center of all the buzz. And it's not only Bitcoin, but altcoins as well. There's hard to find anything sexy in them.

Maybe OP is one of those investors that thought about Bitcoin to be a get rich quick scheme, where immediately profit is awarded after investment, never knew it doesn't work like that. Normally, Bitcoin journey is a very rough process, it isn't sweet as most people think, it's not cool the way op also thinks but overall, Bitcoin is cool only when you understand the game. It's a game of patiency, consistent accumulation, and not been ready to withdraw anytime soon.

A fair warning: Bitcoin only pays to those who bought it, if you wish to make money from Bitcoin purchase it and earn later. A lot of this speculations didn't start today, people must have to say something when things are not moving right for anything, including what has made significant profits in the past, this reoccurrence still validates how the human brain tend to forget the past when faced with a recent circumstance. Bitcoin has done profits countless times, but whenever it drops, people start to say crap about it again.

There is no doubt that bitcoin has not changed, but the users of bitcoin have changed.  The earlier days of Bitcoin with their decentralised and rebellious nature are now being discussed and embraced by those entities that Bitcoin was designed to replace.  The thrill of growth through risk taking and excitement are now almost extinct due to the manipulation of the markets by powerful individuals taking advantage of the market.  There is nothing cool about that.

Did this so called economist knows that Bitcoin works in cycle, it just so happened that we are in the bear market, that's why the price have declined after our all time high. So by cycle it means that there will be time that we are in the bearish state and then after two years we will bounce back. Let's wait and see what they can say when we go on another massive bull run after the next halving. For sure they might not change their tune, but one thing is for sure, Bitcoin is not a bubble that once burst will not recover. Just look at the historical logs and for sure everyone knows about it.

Even before Bitcoin got dozens of Bitcoin Spot ETF approvals in the USA in January 2024, it was no longer a bet that was only true in earliest years in history of Bitcoin. It has grown gradually but very sustainably and solidly with time since 2009, and from Bitcoin vs pizza trade to first Bitcoin exchanges like Liberty Standard, and other adoption growths over time, in latest years Bitcoin has become a safer investment choice. It has no longer been a bet with any investor, I mean actual investors, not gamblers in the market, traders or speculators who consider themselves as investors while practically they're not actual investors. Pizzas for bitcoin? New Liberty Standard exchange https://web.archive.org/web/20100428024753/http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate The Very Early Bitcoin Exchanges of 2009 to 2011.

The coolness of crypto was coming from its fundamental technology. Sadly, these days there only so many copycat zero innovation tech in crypto. The purpose of these copy cat tech just to grifting people.  It's slowly, but surely hindered the coolness of crypto related to the tech development. So it makes people treated crypto more as a speculative asset based on vibes instead of an asset backed by good tech fundamental.

Except the fact that he's wrong. Bitcoin last half of its value not because its not cool anymore but because we're heading cyclical bearish market that happens after bullish market. It's so funny how some people suddenly forget that bitcoin has always been having 4 year cycle since its first appearance and suddenly bitcoin is dumping because it ain't cool anymore. I bet whoever stated this only followed bitcoin in this past few years after bitcoin making some noises.

Better title would just be “Crypto isn’t niche anymore”. Niche things usually are considered cool. You’re cool if you understand and engage in crypto when most do not understand it. But now, most know it but not everyone truly understands it. Nor do they know how to use it. To me, anyone who’s accurately knowledgeable about crypto is cool

Oddly, the musical phenomenon of Disco in the USA, which was absolutely huge in the late 1970s, died and became a joke precisely because it became mainstream. https://www.neatorama.com/2012/05/21/why-disco-died/ Although it's not a perfect analogy, I suspect the author had this in mind. So much of Bitcoin's original appeal was "fighting the Man", bringing down governments, and all that stuff. Now its market cap is based on being a cog in the Wall Street machine.