Can Bitcoin go to Zero?

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European Central Bank (ECB) asserts that Bitcoin’s fair value is 0 and it has failed to fulfill its potential as a global decentralized digital currency. Despite recent approvals for Bitcoin ETF funds, the ECB maintains that Bitcoin is unsuitable for payments or investments due to its lack of cash flows and fundamental value.

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The ECB highlights drawbacks of digital currencies and emphasizes its efforts to promote a digital euro as a safe alternative. Ultimately, the ECB views Bitcoin as a speculative bubble that will inevitably burst, causing significant societal damage.

Source: [https://finance.yahoo.com](European Central Banks Officials Criticize Bitcoin, Says “Fair Value” is Zero
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Whenever mainstream media labels Bitcoin as a bubble, its value tends to skyrocket. :laughing: :rofl: :joy:

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Volatility stands as the central characteristic of the crypto market, rendering any digital asset susceptible to rapid spikes or crashes within a span of months, days, or even minutes.

And Bitcoin is the largest crypto by market cap now.

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A conservative perspective is common in the investment realm.

However, the underlying technology of Bitcoin—blockchain—provides it with a firm fundamental.

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Bitcoin is 52k now, few days after the research from experts :smile:

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It is showed Bitcoin as 0 value in Coinbase Wallet :money_with_wings: