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/Saying that bitcoins will be worth nothing just because of an article is a very bad way to believe on because you should conduct your own research in order to get legitimate informations.