This article has about the same amount of substance to back up his opinion as the ones on many sites that claim that BTC will be worth and goes to show you that there are those on both sides of the BTC value that just espouse speculative value to espouse speculative value.
Why bitcoin may soon be worth nothing:
I thought wed finally get rid of bitcoin. But the fake currency, which I like to call bitcon, just wont fade away.
Bitcoins price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.
I use the term worth cautiously because bitcoin is really worth nothing, since its backed by nothing or no one. Its a confidence game that has value only because people are convincing other people that its worth something.
Got it! Ponzi scheme. Confidence game. Fraud.
Anyway, bitcoin is headed for a value of zilch. Its only a matter of when.
Source:
https://nypost.com/2018/07/04/why-bitcoin-may-be-soon-worth-nothing/I do not really believe if bitcoin will soon to be worth nothing because all of this crypto business will become nothing without bitcoin. This situation maybe happen when there is no one buying bitcoins and all of us will do no more business with bitcoin but for me it is very impossible to happen as time goes by a lot of people are trying to know about bitcoin business.