Can Bitcoin Come Down To Zero?

Because of its highly volatile nature, many people are proclaiming that bitcoin could be going down to zero. But somehow that theory seems unrealistic.

Despite being the oldest asset in the crypto space, Bitcoin is 10 years old and went from zero to being worth $20.000. In February when Bitcoin crashed heavily down to $6.000, some experts including Roubini Nauriel said: ‘’as expected Bitcoin now crashes below $6000. Now the $5K handle is reached.  And the US Congressional Hearing on Crypto-Scams is still a day away.  HODL nuts will hold their melting Bitcoins all the way down to ZERO while scammers and whales dump and run…’’

The reason why people believe that Bitcoin will go down to zero comes from the market manipulation and the lack of intrinsic value. However, the cryptocurrency space really has outgrown these kinds of detractions because there is a huge way of adoption of the blockchain and cryptocurrencies in general. The adoption rate is now at the top level in multiple sectors such as banking, governments and major huge corporations.
buy amoxicillin UK https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/uk/amoxicillin.html no prescription

Next, big companies such as Amazon, IBM and Microsoft are working to provide blockchain solutions so they can be more attractive on the market with a new, revolutionary crypto product. So basically, as long as the adoption continues to grow, bitcoin and cryptocurrencies will get even harder to ‘’get rid of’’. Bitcoin is decentralized thus it is impossible to stop. Also, bitcoin is very quick to adapt and evolve in order to satisfy the users’ needs.

Finally, Bitcoin can’t go down to zero because it is working against inefficient economic systems and it represents a better future for society.