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Topic: Can Bitcoin Drop to Zero? - page 9. (Read 1269 times)

full member
Activity: 2086
Merit: 193
January 11, 2024, 05:38:41 PM
#2
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
Theoretically yes since it happened already in some projects but considering the trend and the demand for Bitcoin, I think we will not see Bitcoin in that kind of level as this is already part of the financial system though as time goes by Bitcoin might be replaced by something and its to know what it is.

For now, better to enjoy Bitcoin while it is still there and make profit as well, the market is getting better and you should not focus on the negative side, be more optimistic and hold more Bitcoin.
member
Activity: 117
Merit: 31
January 11, 2024, 05:24:08 PM
#1
Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.

"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.

And what's the different between theoritical and practical drop to zero for BTC?

Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
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