You may hear some people say “Bitcoin is a scam”, especially from those who have lost significant money in crypto. Often, these claims come from lack of knowledge, poor strategy, or frustration with others profiting while they struggle. History, however, tells a very different story.
Bitcoin and Ethereum have gone through massive corrections. Bitcoin has fallen 50–70% multiple times, and Ethereum dropped nearly 90% in 2018, going from $830 to around $85. During these periods, critics claimed crypto was a scam, but over time, Bitcoin recovered and reached new all-time highs.
It’s also important to remember that around 20% of Bitcoin is lost forever in inaccessible wallets. Additionally, Bitcoin has a maximum supply of 21 million coins, making it a deflationary asset. Its scarcity, combined with adoption and utility, gives it long-term value. Remember this.
