While a total hack of all Bitcoin is practically impossible due to its decentralized and cryptographic security, a hypothetical event would be catastrophic. The entire crypto market would collapse.
First, Bitcoin’s value would plummet to zero, causing a total loss of trust in its security. This would trigger a mass panic sell-off, leading to a domino effect where every other cryptocurrency, from Ethereum to meme coins, would lose all value. The fundamental promise of blockchain security would be shattered.
Governments and financial institutions would use the event as proof of crypto’s inherent instability, leading to severe regulations or outright bans. The entire digital asset ecosystem as we know it would likely cease to exist.$BTC
