In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
I think there is always a chance that
BTC will be worth 0 one day,even Satoshi Nakamoto say "
I'm sure that in 20 years there will either be very large transaction volume or no volume".
It is well known thing that banks and other financial institutions do not have a friendly attitude toward
BTC and others crypto coins,something like that is a threat for today's system in which they generate huge profits.So you do not have to be surprised when you read such news,it is only FUD and it show that system is in fear of change and losing control.
I think that
BTC is show resistance through the years and it is far away from 0.
You are right and I cannot see a scenario where btc is going down to 0 in the near future because of a lot of support not just from users, but from citizen's of countries that have legalized it. Also, some financial institutions doesn't see Bitcoin as a threat. In fact, some of them wants to harness the innovative tech of bitcoin to further improve their services. Some governments also just only want to regulate it but they don't see it as a threat anymore.
It can be zero only under following circumstances:
1. It completely becomes unpopular with the public and they start running away from it and start using fiat currency. Writing this sentence is so simple but it will never happen that people leave using /keeping bitcoin due to its usage and facilities it is providing. It is popular among masses due to its qualities i.e. anonymity, easy transactions , no boundaries so there is no question that people will stay away from it on the opposite its demand will increase day by day and as a result its price will increase.
2. Second reason when it can be zero is that all the governments of the world ban it completely, which seems to be impossible because many of the governments are willing to transact in it.
3. Some better coin is invented; but still then though its demand may decrease but only effect will be that the price will fall but not zero.