As soon as Bitcoin hits a new price record, there are those who predict its collapse.

"It's a bubble!", "It's going to collapse now!", "It will depreciate to zero!" — well, you get the idea. How many times has this been said? Let's figure out under what conditions this can really happen.

Scenario one: a global ban.

If all major countries simultaneously decide to ban Bitcoin, this will, of course, hit trust. People will start to be afraid to use cryptocurrency because of the risks. But then the question arises: how to achieve such coordination? Each state has its own interests, and attempts to globally ban something are utopian. Even if several major players, like the US and the EU, introduce strict measures, there will always be countries where Bitcoin will continue to be used. China has already tried to ban it, but the network is still working.

Quantum computers.

Yes, someday there will be quantum computers that can crack Bitcoin. But the key word here is "someday". By the time such a threat appears, Bitcoin will likely have new, more secure encryption.

Loss of trust.

Technical failures could shake faith in cryptocurrency. For example, if a large exchange or mining pool is involved in fraud. But such things have happened before. Remember Mt.Gox? So what?

The emergence of a competitor.

If someone creates a cryptocurrency that is cheaper, faster, and easier to use... But such a cryptocurrency already exists, and not just one, and Bitcoin is still valuable.

Energy collapse.

This could really become a problem. If the cost of electricity increases sharply or there are targeted attacks on mining, the network could be at risk. Mining will become unprofitable, validators will leave, and the network will simply stop working. This scenario seems to be the most likely of all.