Is Bitcoin Going to Zero?
And what it would take to get there
Published in
5 min readFeb 16, 2022
Will Bitcoin go to zero…?
A number of multi-millionaire investors think so.
These include:
Schiff is a particularly vocal anti-Bitcoin evangelist. He regularly posts negatively about Bitcoin on his Twitter feed.
Why do people think it will go to zero…?
Common arguments are:
- It has no intrinsic value
- Governments will ban it and replace it with their own cryptocurrencies
- Bitcoin needs indefinite maintenance
Sometimes people don’t give a reason as to why Bitcoin will go to zero. They just state that it has no value, and claim some other asset (e.g. gold) should be bought instead.