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/Not really, you claim that the article has as many substance than those that claim that bitcoin can reach a particular price, but those that think that a particular price is possible at least have the technology of bitcoin on their side, the people that say that bitcoin going to be worth nothing is because they think bitcoin is a confidence game, if that is true then fiat suffers from the same weakness with the difference that bitcoin is superior to fiat in almost every aspect except adoption.
If the people around the world lost confidence on the dollar and the credit of the US the dollar will collapse in a matter of days, this is not true for bitcoin because at least there is the blockchain behind it that is a tamperproof method to record the transactions that have occurred over the network.