No Kevin, Bitcoin will NOT bite the dust – Part 2

Yesterday I wrote about an article written by economist/financial expert Kevin Dowd. It discusses why Bitcoin will become worth nothing. I disagreed, but I did not say why he was wrong. Now I am doing just that.

I have finished formulating my counter-arguments, but in true Bit Brain style, they are longer than expected. Thus I am further subdividing this post into two – I will discuss his two main arguments in one sub-post each.

For this post to make any sense, you first have to read: https://mentormarket.io/bitbrain/no-kevin-bitcoin-will-not-bite-the-dust/ for the background information.

From www.pexels.com

Why Kevin is wrong:

First Argument: Bitcoin mining is a natural monopoly

Bitcoin is

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.