Day after day we hear bullish and bearish news about Bitcoin, this makes us think that the price of Bitcoin is mainly linked to media advertising and not to its real value.
This is always watered down with a bunch of experts coming in to talk that future Bitcoin prices will hover around $ 100,000 and this often leaves us in the middle of a storm that makes it quite difficult to understand what will happen to this cryptocurrency.
The truth here is that nobody really knows what will happen to Bitcoin or the rest of the cryptocurrencies, although one thing is clear is that Bitcoin will probably not cease to exist in the short term, but something much more likely is that it will be surpassed by other rivals.
Bitcoin has offered the world a possibility in this last decade, but after so many years BTC has already been dethroned, not in market capitalization, but in functional value.
There will soon come a time when investors will wonder why they are holding a currency that offers worse attributes than others, at that historical moment Bitcoin will begin to decline in the CoinMarketCap, being surpassed by its competitors.
According to recent reports, David Gerard, a person with notable thoughts on Bitcoin, believes that recent bull runs have only occurred as a result of manipulation and that eventually this manipulation will lead to a huge price drop.
However, in the long run, this type of manipulation cannot last forever. When the news spikes the price of Bitcoin, the correction usually causes a drop on the other side. What Gerard and many others believe is that in the grand scheme of things, the current optimism will fade when finally, manipulation finally stops and Bitcoin finally stops.
Faced with such allegations, the smart option is to assess whether there are alternatives to Bitcoin that can offer us more.
