It has many advantages and will therefore continue to be relevant as a currency. The vast majority of BTC volume transactions are made in China, so the two remain linked.We see that the biggest risk to Bitcoin is the replacement and / or parallel use by other cryptographic currencies.
The Bitcoin fanatical fans say it will never be a problem since Bitcoin was the pioneer and as such enjoys the privilege of moving the first. This argument is probably wrong, because although the BTC is used for payments, this is only a relatively small percentage of all bitcoins. One of its main responsibilities is a securities business and for that reason, other encryption currencies can always intervene and enjoy a similar status when demanded worldwide.
Cryptocurrencies could realize their ambitions and become a widespread facet of everyday life. Some people will become very wealthy, but actually no more than the first investors in other basic technologies like computers or the internet.
Investors sold cryptocurrencies amid fears of an uncertain regulatory environment and an impressive recovery that began to change.