Analysts: Doubt that Bitcoin's rise will continue for years, the biggest obstacle is psychological rather than technical
2025-08-31 07:36:23
Speaking on the Coin Stories podcast, Luke Broyles, a Bitcoin consultant, said doubts about Bitcoin's ability to rise further had persisted for years and were likely to persist even if the price reached millions, and that change could take "an extremely long time". Broyles argued that Bitcoin's biggest hurdle was not technical but psychological, as most people still did not believe it could improve everyday life. "Unfortunately, I don't think a lot of people are going to change until they see this firsthand".
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