Bitcoin will NOT be outcompeted or made obsolete!

Published April 21, 2025

by Joel Bomgar

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Bitcoin will NOT be “outcompeted“ or “made obsolete“ the way Facebook did to MySpace. There are many reasons, but they include: (1) Anonymous Creation, (2) Decentralization, (3) Distribution, (4) Security, (5) Sixteen Years of Track Record, (6) High Switching Cost, and (7) Liquidity. **Originally recorded on 11/19/24**

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Disclaimer:

The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.

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Bitcoin will NOT be outcompeted or made obsolete!

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