Cointime

Download App
iOS & Android

Analyst: Doubts about Bitcoin's rise will continue for years, with the biggest obstacle being psychological rather than technical

Bitcoin advisor Luke Broyles said on the Coin Stories podcast that doubts about whether Bitcoin can further rise have persisted for years, even if the price reaches millions. This doubt may continue, and change may require "extremely long time." Broyles believes that the biggest obstacle to Bitcoin is not technical, but psychological, because most people still do not believe it can improve daily life. "Unfortunately, I don't think many people will make a change until they see it with their own eyes."

Comments

All Comments

Recommended for you

  • Trump: US-China Relations Will Be the Best in History

    On May 14, according to China News Service, US President Trump stated that the relationship between the United States and China will be the best in history.
  • TSMC Projects Global Chip Market to Reach $1.5 Trillion by 2030

    On May 14, according to market news, TSMC stated in presentation materials released ahead of a technical seminar on Thursday that it expects the global semiconductor market to exceed $1.5 trillion by 2030, up from a previous forecast of $1 trillion. TSMC anticipates that artificial intelligence and high-performance computing will account for 55% of the $1.5 trillion market, followed by smartphones (20%) and automotive applications (10%). TSMC also mentioned that the company is accelerating its capacity expansion plans for 2025 and 2026, with plans to build nine new fabs and advanced packaging facilities by 2026. (Dongxin News Agency)
  • Xi Jinping: Make 2026 a Historic Year for China-U.S. Relations

    Beijing, May 14 — On the morning of May 14, Chinese President Xi Jinping held talks with U.S. President Donald Trump, who is on a state visit to China, at the Great Hall of the People in Beijing. Xi emphasized that the common interests between China and the United States outweigh their differences, that the success of each country is an opportunity for the other, and that stable China-U.S. relations are beneficial to the world. The two sides should be partners, not adversaries, achieving mutual success and common prosperity, and forging a new path for major countries to coexist correctly in the new era. "I look forward to exchanging views with President Trump on major issues concerning both countries and the world, jointly steering and navigating the great ship of China-U.S. relations, and making 2026 a historic and landmark year for China-U.S. relations to build on past achievements and usher in a new future," Xi said. (Xinhua News Agency)
  • US Spot Ethereum ETF Sees Net Outflow of $36.25 Million Yesterday

    On May 14, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $36.25 million yesterday.
  • US Spot Bitcoin ETF Sees Net Outflow of $630.38 Million Yesterday

    On May 14, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $630.38 million yesterday.
  • Xi Jinping Welcomes Trump to China

    On May 14, Chinese President Xi Jinping held a ceremony at the East Plaza of the Great Hall of the People in Beijing to welcome U.S. President Donald Trump on his visit to China. President Trump had arrived at the welcome ceremony site by car. (CCTV News)
  • U.S. Senate Confirms Kevin Walsh as Federal Reserve Chair

    On May 14, the U.S. Senate confirmed Walsh as the Chair of the Federal Reserve with a vote of 54 to 45. The Senate had previously approved Walsh as a Federal Reserve Governor for a 14-year term on the 12th. Following the approval of his chairmanship on the 13th, Walsh will officially assume office after completing the necessary signing procedures at the White House, succeeding the current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to remain on as a Federal Reserve Governor. This vote marks one of the most significant partisan divides in history: only one Democrat—Senator John Fetterman of Pennsylvania—voted in favor alongside the Republican majority.
  • Nvidia Stock Hits Record High with Market Capitalization Reaching $5.5 Trillion

    On May 13, during early trading in the U.S. stock market, Nvidia's stock price rose by 2.85%, reaching $227.08 per share, setting a new record high, with a total market capitalization of $5.50 trillion.
  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,998.07, with a 24-hour decline of 1.06%. The market is experiencing significant volatility, so please ensure proper risk management.