Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
I don’t know the person that made this statement but it is very obvious that this person is an enemy of bitcoin technology, he is confused but will still spread propaganda about bitcoin and sway away people from not investing in bitcoin.
If bitcoin price can turn to zero, we should by now already seeing signs of it but till date, it looks very promising to break boundaries beyond which we can think of. Many things are being anticipated for bitcoin this coming halving, why will it now turn to zero? This is just a baseless say without any fact to back it up.
Bring it up more wailers, but bitcoin will continue to strive irrespective.