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The problem I see with Bitcoin is that it does require quite a bit of infrastructure and mathematical computational power. The amount of electricity needed to power those server parks is significant. This means that there is a running cost to keep it up and in functional order. Imagine if the price of electricity would rise globally and force many of those large miners out of business or many would just decide it’s not worth the risk or the trouble. That might cause the price of Bitcoin to plunge - which then in turn would make it even more unprofitable to mine Bitcoins and it would be a downward spiral.
If I have cash in my hand, sure, it can get depreciated due to inflation but it doesn’t ”cost” anything to keep it up, once it has been produced and distributed. On the other hand, if I want to move it, physically, it is often very expensive and hard to send over any large distances.
There are pros and cons of everything here in life!
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The truth is not affected by the beliefs, or doubts, of the majority.
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