So, last post we figured out why Bitcoin is not only can, but should cost a cherished figure of 1 million US dollars. In this case we will try to consider the negative scenario and answer the question "why Bitcoin will never cost $ 1,000,000."
Without the participation of the majority of the world's States in the fate of Bitcoin, the cost of it globally does not raise any speculation and exchange trading togas. And States will not participate in this process, with the exception of some, since the blockchain technology itself is a threat to the existence of any state system, since in fact reduces the role of the state in human life to a minimum. As we all know the essence of any state system in retaining power over the masses, with the appropriate buns in the form of taxes, budgets and other monetary relationships. The blockchain is encroaching on the very Foundation of any system. Therefore, no matter how important blockchain is for people, its influence will be tried in every possible way to neutralize.
Bitcoin is provided only by the trust of users, and the price of its speculative exchange instruments. Both are fairly unreliable basis for significant price growth. When changing technology to a more modern bitcoin, It may well leave the market or become an insignificant, but historically significant coin.
The conservative part of the public and major financial institutions will never support the cryptocurrency, since in one case there is no understanding how it can be used for good, in another there is an understanding of the threat of existence.
The huge volatility of bitcoin and the just wide amplitude "swing" of Its value are not a stable tool and over time will reject the majority of financial players and investors in favor of traditional assets in the material and financial sphere...