Over the past few years, Bitcoin has been all the rage. This mostly has to do with the fact that the currency had rapidly appreciated, driving the value of even small amounts of the currency into the hundreds of thousands. A lot of people still thought that this did not prove that the currency was viable in the long term. Many individuals stated that they felt like the rise in value was nothing more than a bubble, and that when the bubble burst people would realize that they could not use bitcoin on a day to day basis.
However, saying that the bubble bursting is a sign that bitcoin is not to be trusted is a bit dishonest. After all, the tech bubble burst before the dawn of the 20th century, but tech is still a highly lucrative industry to invest in. Real estate lead to the recession a few years later after the stock market crashed, but people still find it to be a valuable place to put their money and for good reason. Markets go up and down, bubbles sometimes form and burst, but this does not mean that an investment is overtly unreliable.
The truth is that bitcoin has stabilized quite a bit after the bubble crashed, and this has led to it going out of the public eye ironically because of the fact that it was not making big headlines anymore. If you read https://8bitsumo.com you will see that they have a lot to say on bitcoin. In the end, bitcoin can’t be defined by just a few sentences. It is a complex economic system that has its own factors influencing itself as well as the people that are using it and purchasing it on a regular basis.