Mythbusting: Why Bitcoin Can Never Go to Zero
By Darryn Pollock Bitcoin’s polarizing effect has people on both ends of the scale either proclaiming it is going to the moon or it is going to zero. The volatile, unprecedented, and revolutionary monetary system that is cryptocurrency has a future that not many can accurately predict, but as time has gone on, the idea that Bitcoin is going to zero seems more and more far fetched. A number of commentators , just recently — when Bitcoin has been booming — have come forward with predictions of doom and gloom, warning investors that this new system of money — and investment opportunities — will fall to complete worthlessness. Bitcoin is barely 10 years old, and has gone from being worth zero to being worth $20,000 . So, as we sit with the price lower than many would have hoped, is it feeble to think it can reach as low as zero? ‘It’s going down’ It doesn't matter if it is skeptical friends around a dinner table, or Dr. Doom himself Nouriel ...
