Critics have predicted Bitcoin will crash to zero 69+ 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.
"But for all practical purposes, for most investors, it will feel like zero... Bitcoin will lose over 99% of its market value, even if it still trades above zero."
"I thought it was meant to be an offset, something that you could compensate for having exposure to risky assets... It didn't really do that to that extent."
"The reason I didn’t [buy Bitcoin] is they explained that the way that the public ledger is kept safe is that it takes too much energy to break it... That means it’s got a huge requirement for energy u..."
"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..."