Bitcoin Will Never Go to Zero. Here’s Why.
How can we be so certain with such a bold claim?
The view about bitcoin either “going to zero” or becoming one of the “world’s most valuable assets” is a simple, common observation that in reality is probably quite accurate.
Ultimately, bitcoin is not something that will “half work.” It will either succeed in its mission of being a way of moving real value around the world quickly and easily, or it will fail completely. It is, quite appropriately, a binary outcome, either a one or a zero.
Those of us in the industry who work with and promote Bitcoin day in and day out understand the risks. After all, while Bitcoin is very different from traditional fiat currencies and carries numerous advantages over the existing system, it still relies on one common aspect, at least partially.
That aspect is “confidence.”
Of course, bitcoin has the advantage that is is outside of human control and is actually backed the absolute certainty of mathematics, but even so, it still needs humans to accept it and believe it has value, like any other currency.
And in the world of traditional currencies, loss of confidence happens all too often.
