“I predict all these forms of cryptocurrencies that are not backed by central banks or backed by assets will ultimately go to zero. I can’t tell you when it will happen, but it’s inevitable that it will go to zero.”
Hamish Douglass, Chairman/Chief Investment Officer, Magellan Financial Group · Bitcoin since: +170%
As published by Gizmodo
Billionaire Investor Says Bitcoin Is Headed For $0, Which Is Very Far From The Moon ↗
A little perspective.
Bitcoin on that day$29,801July 20, 2021
$100 at that price$269.58At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Billionaire Investor Says Bitcoin Is Headed For $0, Which Is Very Far From The Moon” — Hamish Douglass, Gizmodo, July 20, 2021. Bitcoin: $29,800.74. https://bitcoindeaths.com/posts/2021-07-20-billionaire-investor-says-bitcoin-is-headed-for-0-which-is-very-far-from-the-moon