Critics have predicted Bitcoin will crash to zero 66+ times since 2010. Despite these predictions, Bitcoin has never gone to zero and has recovered from multiple 80%+ crashes. The "going to zero" prediction remains the most common, and most wrong, Bitcoin forecast.
Critics argue Bitcoin has no underlying asset or cash flows, unlike stocks or real estate.
Some believe Bitcoin only has value because someone else will pay more, making it a bubble.
Concerns that governments could ban Bitcoin or make it worthless through regulation.
Arguments that newer cryptocurrencies or CBDCs will replace Bitcoin entirely.
"Bitcoin is in its final stages. Hundreds of billions have been invested into something with literally zero utility or intrinsic value. It was created by gamblers, pedophiles, and criminals, then sol..."
"Every time I ask a Bitcoin true believer to explain why they think it has any long-term value- beyond the ability to convince someone else to give them more than they paid for it- I come away more c..."
"Our BTC price target is 0.0. That's not just for shock factor. It's where the math takes us. It's not worked as a dollar hedge, rather it's just a speculative instrument correlated to the Nasdaq. ..."
"I think bitcoin will go to zero. Can’t see any reason at this point why people would hold it."
"Since DAY ONE, my position has remained consistent: BITCOIN = A HIGHlY SPECULATIVE ASSET WITH ZERO FUNDAMENTAL VALUE. END OF STORY."